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Da Vinci Sold For $450 Million is Headed to Louvre in Abu Dhabi

The sale more than doubled the previous record of $179.4 million paid for Pablo Picasso's "The Women of Algiers (Version O)" in 2015, also in New York.

AFP

Updated:December 7, 2017, 4:04 PM IST
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Da Vinci Sold For $450 Million is Headed to Louvre in Abu Dhabi
"Salvator Mundi," an ethereal portrait of Jesus Christ which dates to about 1500, the last privately owned Leonardo da Vinci painting, is on display for media at Christie's auction in New York, NY, U.S., October 10, 2017. (Courtesy Christie’s New York/Handout via REUTERS)
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Abu Dhabi: "Salvator Mundi," a painting of Christ by Leonardo Da Vinci that recently sold for a record $450 million, is heading to the Louvre Abu Dhabi in a coup for the bold new museum, it announced Wednesday.

The move became possible after a little-known Saudi price reportedly bought the painting last month.

The Louvre Abu Dhabi, the first museum to bear the Louvre name outside France, has been billed as "the first universal museum in the Arab world," in a sign of the oil-rich emirate's global ambitions.

"Da Vinci's Salvator Mundi is coming to #LouvreAbuDhabi," the museum said on Twitter in Arabic, English and French.

The post displayed an image of the 500-year-old work but did not identify its owner.

Auction house Christie's has also steadfastly declined to identify the buyer, whose purchase in New York for $450.3 million stunned the art world.

"Congratulations," Christie's said in a tweeted reply to the Louvre Abu Dhabi.

The New York Times on Wednesday, citing documents it reviewed, identified the buyer as Saudi Arabia's Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud, whose country forbids the official worship of Christ or any other religion except Islam.

Prince Bader has no history as a major art collector but is a friend and associate of Saudi Arabia's powerful Crown Prince Mohammed bin Salman, the Times said.

Prince Mohammed, in turn, has been called an admirer of Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan.

The French weekly le Journal du Dimanche earlier reported that two investment firms were behind the painting's purchase as part of a financial arrangement involving several museums.

The newspaper said that the work will be lent or resold to museums, largely in the Middle East and Asia.

Prince Bader is listed as a director of Houston-based Energy Holdings International, Inc.

The firm's website describes him as "one of Saudi Arabia's youngest" entrepreneurs, present in sectors including real estate, telecommunications and recycling.

The sale more than doubled the previous record of $179.4 million paid for Pablo Picasso's "The Women of Algiers (Version O)" in 2015, also in New York.

High ambitions in Abu Dhabi

The Louvre Abu Dhabi opened on November 8 in the presence of French President Emmanuel Macron, who described the new museum as a "bridge between civilizations."

It is the first of three museums slated to open on the emirate's Saadiyat Island, with plans also in place for an edition of New York's Guggenheim.

The island will also feature the Zayed National Museum, which had signed a loan deal with the British Museum -- although the arrangement has come increasingly into question due to construction delays.

Featuring a vast silver-toned dome, the Louvre Abu Dhabi was designed by French architect Jean Nouvel, drawing inspiration from Arab design and evoking both an open desert and the sea.

The museum opened with about 600 pieces including items from early Mesopotamia. Under a 30-year agreement, France provides expertise, lends works of art and organizes exhibitions in return for one billion euros ($1.16 billion).

The first works on loan from the Louvre in Paris include another painting by Da Vinci -- "La Belle Ferronniere," one of his portraits of women.

Recently authenticated

"Salvator Mundi," which means "Savior of the World," went on public display in 2011 in a dramatic unveiling at The National Gallery in London, where the work was declared to be the first newly discovered Da Vinci painting in a century.

It is one of fewer than 20 paintings generally accepted as being from the Renaissance master's own hand, according to Christie's.

It had sold for a mere 45 British pounds in 1958, when the painting was thought to have been a copy, and was lost until it resurfaced at a regional auction in 2005.

Its latest sale was initiated by Russian tycoon Dmitry Rybolovlev, the boss of football club AS Monaco.

He had bought the painting in 2013 for $127.5 million although he later accused a Swiss art dealer of overcharging him.

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| Edited by: Ashutosh Tripathi
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