A rediscovery of Leonardo Da Vinci painting, valued by distributors in a record $ 200 million, is no longer for sale. The work should be included in an exhibition at the National Gallery in London from November.
The image of Christ, which belonged to King Charles I, was acquired in mid 2000 by the American art dealer Alex parish and is now owned by a group formed by him and at least two other operators, according to two people with knowledge of the matter who declined to be identified.
"There was some discussion with a museum about the possible acquisition of the painting, but has not been offered for many months," said New York private dealer Robert Simon. "I've assured the National Gallery painting is not in the market and there are no plans to sell after the exposure."
"I have an interest in painting," said Simon, who began studying Leonardo in 2005. "I am coordinating research and representing the owners." He refused to reveal who is in the group or the price of Leonardo when he was in the market. He described his condition as "a typical work of about 1500."
"Salvator Mundi", one of 2 feet (0.6 meters) of panel painting depicting Christ half-length holding a crystal sphere, will be one of more than 90 works exhibited in the "Leonardo da Vinci: painter in the court of Milan "running November 9, 2011 through February 5, 2012. The Museum of Trafalgar Square has strict guidelines to avoid being compromised by commercial interests.
Gallery Guides
"The National Gallery does not show the pictures when they're on sale," the museum said in an e-mail yesterday. "Every painting for sale removed from the screen and returned to its owner after a standard procedure for returning an image of a loan."
Simon issued a statement yesterday describing the origin, maintenance and ownership of "Salvator Mundi". Scholars in the National Gallery and other institutions have agreed to is Leonardo, making it the first painting by the artist that has been discovered since 1909. It is described as dating from either the 1490s or late 1500, when the "Mona Lisa" was painted. Only about 15 oils by the Italian Renaissance master survive, the statement said.
The painting was sold at auction by descendants of the UK collector Frederick Cook in 1958. It was described as the work of Leonardo Boltraffio follower and brought 45 pounds (now $ 72). Most recently he was part of an American collection, the statement said.
The paint layers
Leonardo was offered for sale after being acquired six or seven years ago at an auction of goods in the U.S., ARTnews magazine reported in June. Leonardo's original composition was revealed after the removal of layers of repainting later.
Potential buyers were asked to 200 million dollars to "Salvator Mundi", making it the most expensive artwork ever offered for sale, dealers said. An offer of $ 100 million had been rejected, they said.
The highest price achieved for a work of art is the $ 140 million paid by Jackson Pollock's abstract ", No.5, 1948," in a private sale in 2006, according to The New York Times.
The auction record for an old master is the £ 49.5 million given to Rubens "Slaughter of the Innocents" at Sotheby's (BID) in 2002. Titian, "Diana and Acteon," was purchased by the United Kingdom on behalf of the National Gallery and National Galleries of Scotland £ 50 million in 2009.
Leonardo Mercado
"As long as it is in the market, anything is possible," said London-based dealer, Jean-Luc Baroni, who was the underbidder on behalf of a collector, when a drawing by Raphael was sold for 29.2 million pounds at Christie's International in 2009.
"Leonardo is the biggest name," said Baroni. "It all depends on whether a buyer may find that you feel comfortable in that price range. Maybe there's a Chinese or a Russian who is willing to pay."
The appearance of "Salvator Mundi" at the National Gallery in November will be the first time you wipe the paint seen in public, traders said. The number of visitors can be driven by the 2003 success of Dan Brown's bestseller "The Da Vinci Code."
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