Saudi prince is the BUYER of this $450mn painting



New York, Dec 7: The mystery buyer of Leonardo da Vinci's painting "Salvator Mundi," which fetched a record $450.3 million at an auction here last month, is a Saudi prince, a media report said.



The revelation that Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud was the purchaser were according to documents reviewed by The New York Times.



The painting, a representation of Jesus Christ, was bid to the highest auction price ever achieved to date for a work of art. 



Christie's auction house, which handled the sale, had said that it was the only known Da Vinci piece remaining in private hands.



According to The New York Times revelation, Prince Bader is "little known from a remote branch of the royal family, with no history as a major art collector, and no publicly known source of great wealth".



He is a friend and associate of the country's 32-year-old Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud.



A spokeswoman for Christie's said it did not comment on the identities of any buyer or seller without their permission. 



Prince Bader did not respond to a detailed request for comment. But as The New York Times pressed for a response on Wednesday, the newly opened branch of the Louvre in Abu Dhabi tweeted that the painting "is coming to Louvre Abu Dhabi".



Documents provided from inside Saudi Arabia revealed that representatives for Prince Bader, did not present him as a bidder until the day before the sale. 



In order to participate in the bidding, the prince put $100 million on deposit with the auction house, although Christie's subsequently asked for additional information, including the origin of the money he was putting up, with the prince stating simply that it came from "real estate", The New York Times reported.



The painting's previous owner, Dmitry E. Rybolovlev, a Russian billionaire, had paid $127.5 million for the painting in 2013, less than a third of its sale price last month, and he is still locked in litigation with the dealer who sold it to him over that price.

 

IANS 

Don’t Miss

Wow... Rekha says this about Smita Patil!
Birthday special: Why John-Bipasha's love story FAILED
How poll outcome in Guj, Himachal to influence markets
Have you seen Taimur's latest video?
Delhi horror: Drunk driver runs over policeman, cop critical
Beware! This Christmas gift can be a trap on Facebook!
Counting of votes for Himachal Polls tomorrow
This is how you can save your phone from crime!
This Emmy Award-winning choreographer wants to work in B'wood
Protests over driver's death in J&K Army ambush
3rd ODI: India won toss and elected to bowl against Sri Lanka
Soha Ali Khan revealed a big secret about herself!
Cuteness Alert! This video of Taimur will make your day!
This is Sania's SPECIAL advice for Virushka
Get the first look of Sidharth's upcoming movie!
Bipolar disorder has these seven key characteristics: Study
Rare pictures of Salman and Karisma
Everyone is LOVING Alia's NEW home, but Mahesh Bhatt is furious
Severe cold wave lashes this Indian state
Facebook admits it can make people feel worse
All strength to your shoulders: Kamal Haasan to Rahul Gandhi
Voting begins for Punjab municipal elections
Congress will WIN Gujarat, BJP will LOSE, says BJP MP
Varun and Alia insult Karan Johar!
Kamal Haasan congratulates Rahul Gandhi, says do well boy
Mouni Roy will live in Salman's home!
Bigg Boss 11.. Police will arrest Arshi from Salman's house!
Emotional Rahul KISSESS Maa Sonia..Challenges Rahul faces as Cong Prez
Rahul tears into Modi's 'dirty politics' after taking over as Cong Prez
Virat-Anushka get WARNING from Sania Mirza!

Most Popular