Breaking News

Non-resident tests positive for Covid-19 on 30/5 bringing confirmed number to 99: 90 cured, 1 hospitalised in ICU, 1 resident death, 3 non-resident deaths

Rybolovlev puts chapter behind him as painting breaks all records

Rybolovlev puts chapter behind him as painting breaks all records

By Staff Writer - November 16, 2017

Salvator Mundi - Leonardo Da vinciChrist as Salvator Mundi, the Leonardo da Vinci painting put up for auction by Dmitry Rybolovlev and expected to make in the region of €85 million ($100 million), sold for a record €382 million ($450 million) in New York on Wednesday.

The auction record was broken at €179 million ($200 million, for a Pablo Picasso painting sold in 2015), when there was a short pause. Bidding for the 65 x 45-cm oil-on-panel painting at the Christie’s sale came to an end after 19 minutes.

The identity of the buyer was not disclosed, nor was the part of the world from which the winning bid was made.

The painting had generated huge interest before the sale for a number of reasons. The artwork – originally commissioned by King Louis XII of France more than 500 years ago – had been undiscovered and painted over before being bought by a dealer for $10,000 in an estate sale in 2005.

It has also played a central role in the dispute between Rybolovlev and art dealer Yves Bouvier, who had sold the painting to the Russian with a mark-up of close to €43 million ($50 million). A scandal surrounding the relationship between Rybolovlev and his entourage and Philippe Narmino, Monaco’s head of the judiciary, led to Narmino’s sudden resignation on September 22, 2017.

Following the sale of the painting on Wednesday, a spokesman for the owner of AS Monaco said that the family wanted to put a painful chapter behind them.


READ ALSO

Rybolovlev charged, appears in Monaco court

shares
SHARE
Previous articleRAMOGE partners review busy programme
Next articleNFL beats records after five days with help of Prince Albert

daily

June 1, 2020 | Local News

More lockdown restrictions removed

Stephanie Horsman

Tuesday marks the next phase in the easing of restrictions in France, offering people a glimmer of hope for summer.

0
Cassandra Tanti

The oral exam for the baccalaureate in Monaco is cancelled this academic year and third trimester will not count towards final results, in line with a decision by France’s education department.

0
May 30, 2020 | Local News

Grimaldi Forum reopening doors

Stephanie Horsman

Since the strictest of the lockdown rules were lifted in early May, the Grimaldi Forum team has been hard at work to make the venue a safe and welcoming place for the public when events start back in autumn.

0
Cassandra Tanti

National Council President Stéphane Valeri has visited the Grimaldi Forum to thank the team behind the screening campaign, while also encouraging more people to take the Covid-19 antibody test. 

0