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).


ANTIQUE BAROQUE OIL PAINTING ON CANVAS WITH FRAME "S. FELIX CANTALICIO" end 1700

High Bid: $2,550.00
Bids: 60
Time Left:
10h 58m


PABLO PICASSO ORIGINAL HAND SIGNED VINTAGE PAINTING NO PRINT FEMALE FIGURE RARE

High Bid: $2,100.00
Bids: 69
Time Left:
2d 9h 32m


rare original oil Painting canvas Signed Amedeo Modigliani Picasso period

High Bid: $2,000.00
Bids: 10
Time Left:
1d 12h 59m


EDOUARD GOERG (1893-1969) SIGNED FRENCH EXPRESSIONIST OIL to £29,000 MAGPIE

High Bid: $1,907.71
Bids: 18
Time Left:
2d 1h 2m


Kev Walker Angel's Trumpet Magic the Gathering original art MTG Kevin Walker

High Bid: $1,650.00
Bids: 12
Time Left:
2d 4h


1600’s SUPERB ITALIAN OLD MASTER OIL ON PANEL - PORTRAIT OF DANTE

High Bid: $1,637.23
Bids: 33
Time Left:
2d 1h 22m


PATON MILLER Oil on Wood 15" x 19.5" Deep End 2014

High Bid: $1,500.00
Bids: 1
Time Left:
1d 19h 38m


Fête Champêtre Antique Oil Painting by George Henry Andrews (1816–1898)

High Bid: $1,411.18
Bids: 51
Time Left:
2d 40m


Boy in Worship Huge Antique Oil Painting by Richard Westall R.A. (1765-1836)

High Bid: $1,398.12
Bids: 57
Time Left:
2d 30m


Large Signed 19thC Antique Portrait Oil Painting, Regency Mother & Daughter

High Bid: $1,202.00
Bids: 24
Time Left:
2d 5h 21m


CHARLES CLAIR (1860-1930) SIGNED LARGE FRENCH BARBIZON OIL - WASHERWOMEN RIVER

High Bid: $1,196.89
Bids: 29
Time Left:
2d 1h 50m


Frank (Franz) Hans Johnston (1888 - 1949) Alberta / Canada Listed Artist Oil

High Bid: $1,145.00
Bids: 18
Time Left:
7h 57m


LARGE ANTIQUE OLD MASTER PORTRAIT - 18th Century with Provenance - NO RESERVE

High Bid: $1,080.16
Bids: 17
Time Left:
2d 2h 11m


18th CENTURY FRENCH OLD MASTER OIL ON COPPER - CHRIST RESURRECTION TOMB

High Bid: $1,071.45
Bids: 44
Time Left:
2d 57m


16th CENTURY HUGE ORIGINAL FRENCH OLD MASTER OIL ON CANVAS - PASSION OF CHRIST

High Bid: $1,071.45
Bids: 28
Time Left:
9d 1h 58m


Original Childe Hassam (1857-1935) Oil Painting (Works up to 1.25 Million)

High Bid: $1,026.00
Bids: 152
Time Left:
2d 7h 30m


Romero Britto Original Still Life

High Bid: $1,000.00
Bids: 1
Time Left:
21h 10m


MARGARET KEANE Original Signed Big Eyes painting, Colored pencil on paper

High Bid: $1,000.00
Bids: 1
Time Left:
2d 19h 38m


Red Skelton original "At The Circus" 1983

High Bid: $1,000.00
Bids: 1
Time Left:
8d 5h 10m


c. 1700 HUGE DUTCH OLD MASTER OIL ON CANVAS - STILL LIFE OF FLOWERS IN A URN

High Bid: $947.32
Bids: 37
Time Left:
2d 1h 44m


FANTIN LATOUR - SIGNED FRENCH OIL STILL LIFE FLOWERS - FOR RESEARCH

High Bid: $940.79
Bids: 44
Time Left:
2d 1h 24m


William Bill ALEXANDER Original  Painting Signed Landscape MTNS Lake

High Bid: $900.00
Bids: 1
Time Left:
2d 3h 40m


Wonderfull oíl painting on canvas Picasso painter spanish old master

High Bid: $899.00
Bids: 2
Time Left:
1d 19h 39m


PETER MAX "HEART" H/S ORIGINAL MIXED MEDIA ACRYLIC ON PAPER CUSTOM FRAMED COA

High Bid: $895.00
Bids: 1
Time Left:
6d 6h 2m


1600’s LARGE OLD MASTER OIL CANVAS - THE CORTEGE OF BACCHUS - STUNNING PAINTING

High Bid: $844.10
Bids: 35
Time Left:
2d 1h 25m