FOUND > Painting Fetches $450 Million

Bought in Louisiana, in 2007, for $10,000

Video
The discovery of the Leonardo da Vinci painting as told by CBS News.

November 16, 2017
By James Massey, What Sells Best News

NEW YORK (VIDEO) - CBS News reports, a painting bought in Louisiana a decade ago, for $10,000. Has stunned the art world, by fetching $450 million at auction.

THE STORY

Reportedly, the 500-year-old painting, was purchased in 2007, by art collector Robert Simon, for $10,000. He bought the painting with hopes it had been painted by a student of Leonardo da Vinci.

After years of extensive research by scholars and art historians, it was determined the painting was not by a student. Instead, it was by the master himself, Leonardo da Vinci.

The painting, a 16th century work which depicts Jesus holding an orb, and pointing to the heavens, is named Salvator Mundi, or Savior of the World.

Prior to the auction, the painting received worldwide media attention, with most reporting estimates of more than $100 million. However, nobody was prepared for what actually happened.

A bidding war broke out immediately. And at one point a collective gasp could be heard in the room, when bidding jumped $30 million, from $370 million, to $400 million.

The total price was $450 million after the buyer's premium. The sale also set a new world record for the most expensive painting ever sold at auction.

WHY IT'S RARE

Reportedly, the painting is one of 16 known by the Renaissance master. This makes it extremely rare, especially with it being the only one privately held.

AUCTION INFORMATION

Leonardo da Vinci's, Salvator Mundi, was sold on November 15, 2017, by Christie's auction house in New York. The Painting sold for a total price of $450,312,500 after the buyer's premium. The sale was identified as LOT 9B.

TOP 25: ONLINE NOW

Try to spot a treasure among paintings advertised on ebay (research prices). Also see; Top 25: Highest-Bid Art on ebay, worldwide, right now (links open on ebay).


PETER MAX "CHERRY BLOSSOM" ORIGINAL PAINTING ON CANVAS

High Bid: $5,550.00
Bids: 44
Time Left:
1d 10h 17m


Huge Fine 17th Italian Old Master Christ Ascension Into Heaven Antique Painting

High Bid: $4,792.68
Bids: 53
Time Left:
6d 11h 48m


Antique French - VTG Oil on Canvas painting 1886 European, Landscape

High Bid: $3,000.00
Bids: 1
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Spanish/French Pablo Picasso signed old oil, canvas painting 61x51 cm! $1

High Bid: $2,850.00
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6d 14h 34m


J Nordmann Impressionist Painting of Man & Woman strolling in Horse Buggy Signed

High Bid: $1,716.73
Bids: 1
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1d 12h 31m


Federico Alcuaz Filipino Nationa Artist Abstract painting

High Bid: $1,675.00
Bids: 26
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16h 14m


beautiful oíl painting on canvas old master french Vincent van Gogh

High Bid: $1,505.00
Bids: 75
Time Left:
4d 21h 20m


SpRINgSaLe2....California Oil Painting PETER KRASNOW 'Fruit Still Life 15" x 18"

High Bid: $1,500.00
Bids: 1
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2d 18h 54m


Oil on Canvas Painting "Piano and Music Room" on Ornate Wooden Frame S. Burnett

High Bid: $1,488.00
Bids: 1
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2d 16h 29m


FINE LARGE 17th CENTURY ITALIAN OLD MASTER OIL PAINTING - THE HOLY FAMILY

High Bid: $1,437.80
Bids: 35
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Large Original Early 1900s Oil Painting of Dramatic Sunset in Scottish Highlands

High Bid: $1,317.99
Bids: 53
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6d 11h 30m


28" by 36" Oil on Board Abstract Oil Painting by Mili Distin of Saranac Lake NY

High Bid: $1,250.00
Bids: 1
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3d 17h 32m


NAJEELA, THE BLADE-BLOSSOM original MTG BATTLEBOND oil painting by Matt Stewart

High Bid: $1,225.00
Bids: 10
Time Left:
3d 15h


VERY FINE LATE 18TH C PAINTED PORTRAIT MINIATURE RICHARD COSWAY 1742-1821

High Bid: $970.52
Bids: 35
Time Left:
9h 57m


EDMOND PETITJEAN (1844-1925) HUGE SIGNED FRENCH OIL to £52,000 FIGURES BY RIVER

High Bid: $931.91
Bids: 17
Time Left:
6d 11h 58m


PORFIRIO SALINAS (AMERICAN, TEXAS 1910-1973) BULLFIGHTER 1956

High Bid: $910.00
Bids: 18
Time Left:
18h 10m


Antique CLIFFORD GREAT ALEXANDER American Impressionist Landscape Oil Painting

High Bid: $909.00
Bids: 53
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4d 15h 20m


Antique Doulton Burslem Luscian Ware G White Porcelain Vase Classical Painting

High Bid: $908.88
Bids: 33
Time Left:
1d 15h 49m


Phil Epp original oil painting "Western Evening"

High Bid: $900.00
Bids: 3
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Allen D. Cochran (American 1888-1971) Winter Forest

High Bid: $900.00
Bids: 1
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JAMES THORPE FLAHERTY- PA Realist-Original Signed Oil Painting-Sailboat/Sailors

High Bid: $899.00
Bids: 1
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FINE 18TH CENTURY ITALIAN OLD MASTER LARGE OIL - THE TRIUMPH OF VENUS - ALBANI

High Bid: $891.97
Bids: 30
Time Left:
6d 12h 29m


c. 1850 FINE ENGLISH GERMAN OIL ON PANEL - ELEGANT MAN PLAYING A MANDOLIN

High Bid: $825.41
Bids: 58
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19thC Antique MATHIAS TRUELSEN Watercolor Painting, American Ship Bruwster

High Bid: $787.78
Bids: 21
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Huge 18th 19th Century French School Gods Goddesses Nude Classical Oil Painting

High Bid: $772.15
Bids: 22
Time Left:
3d 11h 24m