An ultra rare portrait by the famed Italian painter Sandro Botticelli might fetch $80 million or even more when it comes up for sale made at Sotheby’s on Thursday, by You.
The auction represents the very first major test of the art market this season, as well as the willingness of worldwide collectors to spend 8 or 9 figures for trophy works during the health crisis and market volatility. When it does well, it may help increase the reputation as well as prices for Old Master paintings at a time when the majority of a lot of money in the art community is chasing newer, flashier works as a result of contemporary and post-war artists.
“There is an interested worldwide audience as well as interest for this painting,” stated Charles Stewart, CEO of Sotheby’s.
The Botticelli painting, known as “Young Man Holding a Roundel,” is considered to enjoy been painted around 1480. It is one of roughly a dozen portraits linked to Botticelli and one of only a handful in private hands.
The seller is actually claimed to become the estate of late property billionaire Sheldon Solow, who acquired the portion inside 1982 for $1.2 zillion.
To promote the job during the pandemic, Sotheby’s viewable the painting around the world to collectors and possible bidders.
“The young man of the painting has completed more traveling during Covid than probably anybody we know,” Stewart said.
Botticelli is most famous for “Birth of Venus,” that portrays the Roman goddess appearing from a seashell. The previous record for his work was the 2013 sale of Youngster and “madonna with Young Saint John the Baptist” for $10.4 million.
The work is going to be a part of Sotheby’s “Master Paintings & Sculpture” marketing on Thursday.