This billionaire bought Da Vinci painting for whooping $450mn



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

PM Modi commissions India's 1st indigenously-built Scorpene sub
Teachers suspended for spelling errors in Modi passage
Gujarat polling on Thursday for 93 seats; PM, Shah will cast their vote
Pak, China shivering..Navy to induct deadly Made in India submarine
Kejriwal's big GIFT.. FREE coaching for entrance exams
APPLIED for these jobs? Monthly income 35K, Age limit 40
On wedding anniversary Rohit helps India beat Lanka, level series
Do or die for Modi, Rahul..Last phase Gujarat polls tomorrow
Kejriwal Magic.. Private hospital BILLS will fall sharply
Your money is banks is safe..Cornered PM Modi assures nation
Chanakya on News24..The BEST will give Gujarat results tomorrow
Best pictures of Virat and Anushka before marriage
Virat, Anushka wedding..This is what happened after ceremony, don't miss
Bumper 50000 jobs for you..Modi magic
This smartphone is SELFIE KING..Price will shock you
On Instagram you can now follow hashtags
Twitter's big GIFT..You can tweet more now
Deepika, Priyanka FIGHT to romance SRK!
Deepika is losing weight.. what's wrong, find out!
Janhvi does naughty thing with Ishaan.. In PICS!
PMs in Row: Former PM Manmohan Singh takes on PM Modi
Video:Rohit's anniversary gift to wife..Ritika cries, Rohit kisses
Ro'HIT' smashes world record 3rd double ton..Know about his 200+ scores
Bumper JOB openings for 10th pass; Salary 57K
PM Live: Policy change in textile sector will create one crore jobs
This Bollywood actress sings with rapper Snoop Dogg!
'No 'mantras', 'Jaykaras', 'chanting' in holy Amarnath shrine,' says NGT
Video: Now UPCOCA in Uttar Pradesh to handle mafia and goons
Salman's deadly stunt will make you scream..Watch Video
Is Rahul Gandhi wearing Rudraksha beads like his grandmother?

Most Recent