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Art

LDV1aLeonardo da Vinci (Italian, 1452-1519), Salvator Mundi, Oil on panel, 25 13/16 x 17 7/8 inches (65.6 x 45.4 cm)

Christies announced a spectacular Leonardo DaVinci painting will come up for auction in New York City, next month on November 15th.

The only right example by the artist to appear on the market in a long time. As a prequel to this auction it should be noted that the oil on panel was found in extremely rough condition in upstate New York by dealer Alex Parish (former employee of Richard Green) who after purchasing the work went partners with NYC old master specialist Robert Simon.

Salvator Bob simonRobert Simon with the painting in an earlier era, pre litigation, circa 2011

As the painting restored with layers of clumsy overpaying coming off to reveal the unique encaustic hand of the master underneath, Simon got the authentication process completed with the work being showed in London at the British National Gallery circa 2012. Later that year Sotheby's brokered a deal through now disgraced Swiss Freeport owner Yves Bouvier to Russian art tycoon Dmitry Rybolovlev for upwards of $125 million.

bouvier wont be smirking longYves Bouvier wont be smirking for long

It is estimated that Monsieur conflict of interest Bouvier ("Am I freeport or art dealer, who cares, I peddle my leads at my tenants expense") made upwards of $50 million on that transaction as the sellers netted in the vicinity of $75 million. Sotheby's had a role in brokering the painting, the terms of which are the subject of ongoing litigation.

While Christie's has not identified the owner of the consigned Davinci, it can only be Dmitry Rybolovlev.

dmitry rybolovlevDon't play chess with Dmitry Rybolovlev

Rybolovlev, the so-called Potash king made the news as he unloaded an earlier Bouvier "mistake" purchase of a Paul Gauguin, "Te Fare" for £20.3 million at Christies London in February 2017 after purchasing it for €54 million in 2008. In dollar terms that is around a $63 million loss. Art market insiders think these ongoing pattern of losses sustained are to bolster the Russians claim in court that Bouvier defrauded him. Stay tuned, more to come.

http://start.att.net/news/read/category/news/article/the_associated_press-da_vinci_painting_up_for_auction_with_100_million-ap

 

Robert Simon put together an extraordinary site on the painting as well. It remains online at:

http://robertsimonfineartleonardo.blogspot.com/2011/12/selected-articles-on-discovery-of.html

About the Author

Robert Alexander Boyle

Robert Alexander Boyle

 Alexander Boyle is a graduate of Trinity College, Hartford, CT where he majored in History. Prior to graduation he co-authored the seminal book Acid Rain in 1983. Alex has worked for the Metropo...