Big Discount – Newly discovered $200 Million Leonardo Painting sold for $75 million
A newly attributed and heavily restored painting by Leonardo da Vinci, which had been shopped to the Dallas Museum of Art in summer of 2012 with a reported $200 million asking price, has finally found a buyer – at the substantially reduced price of $75 million, reports the New York Times. According to the article, the painting “was bought by an unidentified collector for between $75 million and $80 million in May 2013, in a private sale brokered by Sotheby’s.”
The painting was first unveiled in November 2011 and featured in the National Gallery exhibition Leonardo da Vinci – Painter at the Court of Milan. In August 2012, Art in America reported the painting was on offer to Dallas for $200 million, but after weeks of negotiation, an offer by the museum was rejected by the consortium of dealers who owned the work.
We’ll see where it shows up next.