An ultra-rare portrait from the famed Italian painter Sandro Botticelli could fetch $80 million or even a lot more when it comes in place for sale at Sotheby’s on Thursday, by You.
The auction represents the first big test of the art market this year, in addition to the willingness of global collectors to shell out eight or nine figures for trophy works during the health crisis and market volatility. When it does well, it might help increase the reputation and charges for Old Master paintings within a time when most of big money in the art community is actually chasing newer, flashier works from contemporary and post-war artists.
“There is an engaged global audience and interest in this painting,” said Charles Stewart, CEO of Sotheby’s.
The Botticelli painting, known as “Young Man Holding a Roundel,” is thought to have been painted approximately 1480. It is one of roughly a dozen portraits linked to Botticelli and one of only a few in private hands.
The seller is actually claimed to end up being the estate of late property billionaire Sheldon Solow, exactly who obtained the piece inside 1982 for $1.2 million.
To promote the labor during the pandemic, Sotheby’s displayed the painting around the world to collectors and potential bidders.
“The young male of the painting has completed more travel during Covid than probably anyone we know,” Stewart claimed.
Botticelli is most recognized for “Birth of Venus,” which portrays the Roman goddess appearing from a seashell. The previous record for his job was the 2013 sale of Child as well as “madonna with Young Saint John the Baptist” for $10.4 huge number of.
The work is going to be part of Sotheby’s “Master Paintings & Sculpture” sale on Thursday.