Friday, 15 December, 2017

Saudi prince is $450.3 mn Da Vinci art buyer at auction

Mohammed bin Salman Saudi Prince Identified as Buyer of $450.3M Leonardo Painting “Salvator Mundi”
Freda Brock | 08 December, 2017, 03:08

'Da Vinci's Salvator Mundi is coming to #LouvreAbuDhabi, ' the museum said on Twitter, displaying an image of the 500-year-old work. However, it is now believed that he only acted as a proxy for the Saudi Crown Prince Mohammed bin Salman.

The 500-year-old Leonardo da Vinci painting of Christ sold in NY for a whopping $450 million and is on its way to a museum in the United Arab Emirates, ABC News reports.

The Gulf has been the destination for a number of great art works in recent years, especially with the purchase power of countries like Qatar, which is home to a $300m museum for Islamic Art and has spent hundreds of millions on work by Mark Rothko, Paul Cezanne and Paul Gauguin.

Christie's told the Times it did not comment on the identities of any buyers, and Bader did not respond to request for comment.

On Wednesday, the Louvre Abu Dhabi announced that the record-breaking Da Vinci painting would be displayed there.

But the prize will raise concerns about the extravagance of the crown prince, and those of his associates, as he publicly calls for an end to excess in Saudi society.

"Congratulations", Christie's said in a tweeted reply to the Louvre Abu Dhabi.

Atlanta news anchor responds on-air to being called racial slur
On Dec. 5, 2017, you think it's okay to call this journalist a 'n--'", she said, the slur going uncensored. Kathyrae192 wrote. "you are what I call a N****r not a black person. you are what's wrong with the world".

A Saudi prince has been revealed to be the mystery buyer of the $450.3million Leonardo da Vinici painting of Christ that is now heading to the Louvre Abu Dhabi in a coup for the bold new museum.

The French weekly le Journal du Dimanche earlier reported that two investment firms were behind the painting's purchase as part of a financial arrangement involving several museums.

He is a board member of Energy Holdings International, an energy company with business in Middle East, Asia and Americas.

The sale more than doubled the previous record of $179.4 million paid for Pablo Picasso's 'The Women of Algiers (Version O)' in 2015, also in NY. USA intelligence reports, it seems, corroborated this version of events, noting that Prince Bader has previously collaborated with MBS on various deals and transactions. The painting's authenticity is still widely questioned by many experts, while the issue of overpainting, restoration and conservation will always be an underlying issue.

It is one of fewer than 20 paintings generally accepted as being from the Renaissance master's own hand, according to Christie's.

The highest price ever paid for a work of art at auction had been $179.4m for Pablo Picasso's painting Women of Algiers (Version O).

Its latest sale was initiated by Russian tycoon Dmitry Rybolovlev, the boss of football club AS Monaco. His statement did not mention the painting or address whether he had bought it.

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