In this episode of Priceless, staff writer Michela Tindera and deputy wealth editor Chase Peterson-Withorn explain how Forbes determines the value of a one-of-a-kind Leonardo da Vinci manuscript that Bill Gates purchased in 1994. They bought it from an auction in Louisiana for just over $1,000. In this episode, we're taking you inside the world of rare books, manuscripts, and Old Masters works to tell you about how we've estimated the value of one very special notebook, with ties to the world's most expensive painting ever sold at auction: the Salvator Mundi. For this notebook, we considered values ranging from $50 million, all the way up to $4 billion. The work of Leonardo is just as influential to the art that is being created today as it was in the 15th and 16th centuries, he said. In 1982, he appeared on our list with an estimated net worth of $150 million. (crowd laughs) Good start. Here are 20 of Leonardo da Vinci's most famous paintings: Mona Lisa by Leonardo da Vinci. Last Supper | History, Technique, Location, & Facts | Britannica While dozens of manuscripts like the Codex have managed to survive the centuries intact, the Codex Leicester is the only da Vinci notebook that is still in private hands. PETERSON-WITHORN: Yeah, when I heard about that $12 million sale, I remembered that the Codex had about 360 illustrations inside of it. 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Sold Privately Ahead of Auction in France, "El enigma detrs del Van Gogh que sali de la Argentina", "The Red Vineyard Painting at annaboch.com", "Anna Boch.com Impressionist, patron of many artists", "The Most Expensive Female Artists 2016 artnet News", "The Chinese Ink Paintings of Wang Shaofei Break the World Record", "Abu Dhabi to acquire Leonardo da Vinci's 'Salvator Mundi': Christie's", "A Leonardo Made a $450 Million Splash. But we ended up contacting others who we thought might know the work well, too. With closing fees from the auction house, it came out to $30.8 million. What by Leonardo can we compare it with? Because the Louvre cannot comment on privately-owned works it has not displayed, the book can't be published, and at first, Cole says, the museum denied its existence. Early Life: Verrocchio's Pupil. TINDERA: In his appraisal Simon selected five comparable works all from the Renaissance era. The sale places Salvator Mundi as the highest-priced work sold privately or at auction, including Pablo Picassos 1955 Women of Algiers (Version O), sold for $179.4m, and Amedeo Modiglianis 1917-18 Reclining Nude, sold for $170.4m. According to some sources, the painting had been sold by Argentinian art collector Nelly Arrieta de Blaquier for $300 million,[9] but the price was not confirmed by any of the parties involved.[10]. There is so much information in the public sphere that everyone can have the illusion of being an insider. It then becomes a first edition of Moby Dick. Leonardo da Vinci's paintings: a guide to 8 famous works He had just gotten married to Melinda Gates on New Year's Day of that year and was in the middle of building his multi-million-dollar mega mansion, Xanadu 2.0. So Gates buying Leonardo da Vinci's notebook is the equivalent of a typical 66-year-old splurging ona new iPad. It's with you at $28 million. 1. The Christie's sale itself was a highly staged drama, beginning with a marketing video that showed not the painting but the faces of observers most are ordinary people but one of them is Leonardo DiCaprio looking reverently at the image as if they were seeing Christ himself. [5], The list is incomplete with respect to sales between private parties, as these are not always reported and, even if they are, details like the purchase price may remain secret. It's worth at least what Gates paid for it. In both films, Luke Syson, the curator of the show, stands by his decision. Leonardo spent 17 years in Milan, until Ludovicos fall from power in 1499. A major turning point came when the painting was controversially displayed as an authentic Leonardo at a 2011 exhibition at the National Gallery in London. A jump to $370. List of most expensive paintings - Wikipedia The writings in his notebooks suggest that he may have been a vegetarian, and there is also some speculation that he may have been gay. Christies had also found placing the work, despite its celebrity, hard to fathom. Leonardo da Vinci: Paintings, Drawings, Quotes, Facts, & Bio During this period Leonardo worked on a grandiose sculptural project that seems to have been the real reason he was invited to Milan: a monumental equestrian statue in bronze to be erected in honour of Francesco Sforza, the founder of the Sforza dynasty. The painting, which dates to around 1500, was lost to history for more than 200 years, was damaged and badly restored, and was sold and resold as a minor work, probably by a Leonardo acolyte.. The Met has since returned the coffin to Egypt. The piece is sold.. The Battle of Anghiari by Leonardo da Vinci. Updates? A Leonardo da Vinci painting has sold for a record-breaking $450 million this week, at Christie's auction house in New York. I cannot say if he or she will want to be public.. At the time bin Salman was trying to burnish Saudi Arabia's image by loosening a few restrictions. The winning bidder would later be revealed to be Saudi Arabia's Prince. In the past year two documentaries, the engaging Made You Look and the pedestrian Driven to Abstraction, tackled the case of the Knoedler Gallery in New York, which for nearly two decades sold forgeries supposedly by 20th-Century masters including Mark Rothko and Jackson Pollock. Hi, Chase. That sold for $3.6 million at Sotheby's in New York in 1986. Probably, they knew there was room before the end of the competition., They wanted to get the job done quicker, but it still took a long time.. And flipping through this copy, I have to say, I cant read a word of this. Our 1994 story said Hammer was a master at litigation, and the aggrieved shareholders had to settle to keep building costs at $60 million. Last Supper (c. 1495-98) Leonardo da Vinci: Last Supper Images Group/REX/Shutterstock.com. The abrupt $20m and $30m jumps in price were indeed unusual, Cerutti confirmed. Portrait of a Man in Red Chalk Drawing by Leonardo da Vinci. Fifty-fivefive-point-five million dollars to start it. Soon, the painting was on its way to Christie's. It would not draw more than the Salvator Mundi, which sold for $450 million. Nonetheless, Leonardos notebooks reveal a sharp intellect, and his contributions to art, including methods of representing space, three-dimensional objects, and the human figure, cannot be overstated. He created something he called the Codescope, which was software built to help museum-goers actually read da Vinci's backwards scrawl. But it does have two anonymous sources, their faces hidden on camera, identified as high-ranking French government officials who had access to the Louvre's studies of the painting and to the French-Saudi negotiations. During his second period in Florence (1500-1508), he painted his most famous work, the Mona Lisa (ca. The world's 10 most valuable artworks | World Economic Forum "When we chose the title," Andreas Dalsgaard, a producer and a writer of The Lost Leonardo, tells BBC Culture, "the inspiration was partly that the painting is lost right now and the truth is lost, but it was also inspired by movies like the Indiana Jones movies that are full of treasures and treasure hunts.". SIMON: What it does is make you realize how important the fact that the Codex has survived intact is. And how does that help us come up with a number for today? Leonardo da vinci was an Artist, Scientist and Inventor.He was Born in April 15, 1452 in Vinci, Italy. One sold for nearly $6 million, and the other for $5.2 million. We reported that same year that Gates envied his friend Warren Buffett, because he had more time to spend reading than Gates did. The London art dealer Philip Mould called the idea of including Salvator Mundi in a contemporary sale inspired. In fact, it was also noted in the Codexs 1994 auction catalogue written by late da Vinci scholar Carlo Pedretti, that the Mona Lisa is, "indeed a visual synthesis of Leonardo's scientific knowledge as summed up in the Codex.". Whoever cut it up would be pilloried forever. His drawing of the Vitruvian Man (c. 1490) has also become a cultural icon. This is a list of the highest known prices paid for paintings. So next, we decided to try some sources who not only know Old Masters works, but they know da Vinci really well. That estimate sort of got you thinking in another direction, though, right Chase? But Christie's declined to comment, and a spokesperson for Gates never responded to our questions. At the height of the auction, as many of six bidders were in play. There are all sorts of factors that come into play: condition, provenance. [8] The actual purchase price was not disclosed, because of a confidentiality agreement attached to the private sale. Amidst all these delightfully tangled histories, nothing rivals the Salvator Mundi. When he was about 15, his father, who enjoyed a high reputation in the Florence community, apprenticed him to artist Andrea del Verrocchio. The original one is now located at Muse du Louvre, Paris. It then disappeared again until it was bought at a small U.S. auction house in 2005. Then I went to those other items that were of kind of the same rarity as works of the Renaissance that had been on the market. 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