Da Vinci sold for $450 mn is headed to Louvre Abu Dhabi

Mohammed bin Salman

The museum has already published a tweet, indicating that the picture will indeed be exhibited there.

Alex Rotter, the auction house's co-chairman of postwar and contemporary art in the Americas, represented the anonymous buyer of the Da Vinci and placed the winning bid after a spellbinding 19-minute contest that saw offers at $200 million, $300 million and $350 million fall short.

The Louvre Abu Dhabi, which is affiliated with the Paris original, opened in November, costing more than $1.3 billion to construct.

These acquisitions, including that of "Salvator Mundi", are likely part of a dedicated effort to raise the global cultural profile of the U.A.E.

According to The New York Times, representatives of Prince Bader presented him as a bidder only a day before the record-breaking sale.

First, the painting portrays Jesus Christ, who many Muslims believe to be a prophet.

Pearson plc 2.4% Potential Upside Indicated by JP Morgan Cazenove
They presently have a GBX 600 ($8.08) price target on the stock, down from their prior price target of GBX 725 ($9.76). With 88,200 avg volume, 1 days are for BB SEGURIDADE (OTCMKTS:BBSEY)'s short sellers to cover BBSEY's short positions.

Prince Bader has no history as a major art collector but is a friend and associate of Saudi Arabia's powerful Crown Prince Mohammed bin Salman, the Times said. It is one of fewer than 20 authenticated da Vinci paintings in existence.

In the UAE will have the most valuable painting of Leonardo da Vinci.

The Renaissance master's "La Belle Ferronniere", or Portrait of an Unknown Woman, done between 1495 and 1499 and recently restored, is on loan from the Musee du Louvre in Paris. The new museum now houses a permanent collection of 600 artworks, with a further 300 on loan from Paris - among them another Leonardo painting, "La Belle Ferronnière". By then, though, the painting's origin had been obscured due to overpainting and it was credited to da Vinci's follower Bernardino Luini.

It had sold for a mere 45 British pounds in 1958, when the painting was thought to have been a copy, and was lost until it resurfaced at a regional auction in 2005.

It then underwent a six-year restoration and verification process. Rybolovlev bought it in 2013 for $127.5 million from art dealer Yves Bouvier along with some other canvases.

And while we now know where the world's most expensive painting will be housed, there have been recent indications as to the owner's identity as well.

Related News:

  • Chelsea 1-1 Atlético Madrid, Champions League

    Chelsea 1-1 Atlético Madrid, Champions League

    Chelsea played out a 1-1 draw with Atletico Madrid last night, a result that saw them finish second in their group to Roma. With Roma always expected to beat Qarabag, Chelsea knew only a win would be enough to guarantee top spot.
    Delhi Pollution: Air Quality Begins To Improve With Clear Skies

    Delhi Pollution: Air Quality Begins To Improve With Clear Skies

    On November 14, Lucknow had earned the dubious distinction of being the most polluted city in the country with AQI of 484. Pollution is considered severe plus or emergency when readings of PM2.5 and PM10 cross 300 and 500 ug/m3 respectively.
    Dollar General (DG) Issues FY18 Earnings Guidance

    Dollar General (DG) Issues FY18 Earnings Guidance

    The stock of Dollar General Corporation (NYSE:DG) earned "Market Perform" rating by Telsey Advisory Group on Friday, December 2. Savings Bank Of Mellon Corporation holds 0.16% of its portfolio in Dollar General Corporation (NYSE:DG) for 7.82M shares.
  • Catalonia leader Puigdemont to stay in Belgium 'for now'

    However, six former Cabinet members were ordered to be released, with bail set at 100,000 euros ($118,635). While around 90 percent of participants voted for independence, the voter turnout was only 43 percent.
    Rafael Palmeiro, 53, contemplating comeback

    Rafael Palmeiro, 53, contemplating comeback

    Duquette will undoubtedly be asked about Palmeiro during the Winter Meetings, which begin in Lake Buena Vista, Fla., Dec. 10. Now after so many years away from the game, he wants a chance to prove he can do it clean and prove he never did steroids.
    HWL Final: India knock out Belgium via penalty shootout, enter semi-finals

    HWL Final: India knock out Belgium via penalty shootout, enter semi-finals

    Australia showed their class and ran away with the game, though, in the final quarter thanks to three penalty corner goals. In fact, India were the only team that defeated Argentina to their way to gold medal triumph in 2016 Olympics.
  • Bigg Boss 11: Divya Agarwal's SHOCKING plans to confront Priyank Sharma

    Bigg Boss 11: Divya Agarwal's SHOCKING plans to confront Priyank Sharma

    I had good enough time inside but the moment I saw Priyank, I couldn't stop myself and wanted to spend my time with him. Hina will be teary-eyed with the proposal and also confesses her feelings for Rocky and asks her to take her with him.
    Iraqi paramilitary group: US troops may become targets after US Jerusalem decision

    Iraqi paramilitary group: US troops may become targets after US Jerusalem decision

    Today the Iraqi foreign Ministry urged the US Ambassador to meet and discuss this issue. Nujaba, mostly made up of Iraqis, has about 10,000 fighters, according to Reuters data.

    First Horizon National Corporation (FHN), JC Penney Company, Inc. (JCP)

    Toronto Dominion Bank decreased Agrium Inc (Call) (NYSE:AGU) stake by 43,000 shares to 71,300 valued at $6.46 million in 2017Q2. In order to know the value of a stock, there is need to compare its current price to its likely trading price in the future.
  • Modi inaugurates Ambedkar International Centre in Delhi, recalls Baba Saheb's contribution

    Modi inaugurates Ambedkar International Centre in Delhi, recalls Baba Saheb's contribution

    He said, efforts are being made to ensure that every poor has his house by 2022 under the Pradhan Mantri Awas Yojana. Ambedkar in the lawns and another statue of Dr Ambedkar in the atrium of the Centre in Janpath.
    United States  warns Russian Federation  over Ukraine as OSCE meets

    United States warns Russian Federation over Ukraine as OSCE meets

    Tillerson said the United Nations forces should also have peacekeeping powers, including the authority to disarm Russian-backed separatists.

    Wells Fargo And Co (WFC) Stake Boosted by Capital World Investors

    The stock has "Outperform" rating by Evercore on Wednesday, April 19. (NYSE:GNRC) on Thursday, October 26 with "Hold" rating. The stock exchanged hands with 4,007,142 numbers of shares compared to its average daily volume of 2.13M shares.

Most liked

ASX to replace post-trade systems with Digital Asset technology
The main stock exchange in Australia has announced it will replace its current clearing system with a blockchain (or distributed ledger technology) system.

To be honest, we have not fielded well: Cheteshwar Pujara
At the same time there have been injuries where openers have missed out. "We wanted to win, but it ended in draw". Perera went on to make 42 off 54 balls, and helped stem the rot Sri Lanka were under after two early wickets.

Katrina Kaif And Mahira Khan Pay Tribute To Legendary Actor Shashi Kapoor!
Shashi Kapoor , a leading Bollywood actor and producer from the 1970s and '80s, has died after a long illness. There were three rounds of fire to honour the late actor, who spent more than four decades in Hindi cinema.

City's dramatic late show earns record PL win
On his side's purple patch of form, Guardiola added: "It's important for us to keep our moment in terms of victory". I'm not judging - but it is hard .

Purchases New Position in CVS Health Corp (CVS)
Eagle Global Advsr Ltd Liability Corporation holds 0.29% in CVS Health Corporation (NYSE: CVS ) or 125,201 shares. Mirae Asset Limited holds 0.08% of its portfolio in CVS Health Corporation (NYSE: CVS ) for 56,718 shares.

'Oh Dustin' ... Hoffman publicly questioned on harassment claim
From a few things you've read you've made an incredible assumption about me. Tensions did not cool throughout the session.

WINTON GROUP Ltd Boosts Holdings in Harley-Davidson, Inc. (HOG)
The stock has a market capitalization of $8,719.37, a P/E ratio of 16.19, a P/E/G ratio of 1.78 and a beta of 0.96. Kiltearn Partners LLP boosted its position in shares of Harley-Davidson by 7.4% in the fourth quarter.

Alaska Air Group (NYSE:ALK) Receives News Sentiment Rating of 0.44
Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. The sales growth rate helps investors determine how strong the overall growth-orientation is for a stock or portfolio.

Are Analysts Pounding the Table on Huntington Bancshares Incorporated (NASDAQ:HBAN)?
Media stories about Huntington Bancshares (NASDAQ: HBAN ) have been trending somewhat positive on Wednesday, according to Accern. Schaper Benz & Wise Investment Counsel Inc sold 9,525 shares as the company's stock declined 5.78% while stock markets rallied.

Tracinda Corp Disclosed New Mgm Resorts International Position
Bancorp Of New York Mellon holds 0.02% of its portfolio in MGM Resorts International (NYSE: MGM ) for 1.88 million shares. Shares of MGM Resorts International (MGM ) traded down $0.84 during mid-day trading on Thursday, reaching $33.10.

Rohingya refugees still fleeing from Myanmar to Bangladesh
A draft resolution urges Zeid's office to report on cooperation between Myanmar's government with United Nations rights monitors. The purge began in November 2016 as the government responded to alleged attacks on Myanmar border posts by Rohingya insurgents.

Instagram Testing A 'Direct' Snapchat Clone On Android
If you install the app Direct, the inbox usually disappears from the Instagram app and can only be availed in the messaging app. Facebook Messenger has expanded massively, and has come to include things like video chatting, games, payments, and much more.

IIHS Releases 2018 Top Vehicle Safety Picks
This year the IIHS is making the criteria more hard for automakers to earn a top score. This year the group added a new test - crashes to the front on the passenger side.

Analyst Earnings Estimates Review: Ares Capital Corporation (ARCC)
Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to Finviz reported data, The SMA20 of the stock is at -2.57%, SMA50 is -21 percent, while SMA200 is -23.75%.

LG announces classy V30 Signature Edition in Korea
A very good example of this trend is the Burgundy Red Samsung Galaxy S8 which made a debut mere weeks ago. Interestingly, LG will be selecting few lucky owners to have their names engraved on the back plate.