A extraordinary Botticelli portrait could fetch eighty dolars million in Sotheby\’s auction

An ultra-rare portrait from the famed Italian painter Sandro Botticelli might fetch eighty dolars million or more when it comes up for sale at Sotheby’s on Thursday, by You.

The auction represents the first big test of the art industry this season, along with the willingness of worldwide collectors to spend eight or 9 figures for trophy works while in the health crisis as well as market volatility. When it does nicely, it might help boost the reputation as well as prices for Old Master paintings at a time when almost all of a lot of money in the art industry is chasing newer, flashier works from contemporary and post-war artists.

“There is an involved worldwide audience and interest for this painting,” mentioned Charles Stewart, CEO of Sotheby’s.

The Botticelli painting, referred to as “Young Man Holding a Roundel,” is actually believed to have been painted roughly 1480. It’s one of roughly a dozen portraits attributed to Botticelli and one particular of merely a handful in private hands.

The seller is actually claimed to become the estate of the late property billionaire Sheldon Solow, whom purchased the piece found in 1982 for $1.2 zillion.

To market the work throughout the pandemic, Sotheby’s shown the painting all over the world to collectors as well as potential bidders.

“The young male of the painting has completed more travel during Covid than most likely anyone we know,” Stewart claimed.

Botticelli is most famous for “Birth of Venus,” which portrays the Roman goddess emerging from a seashell. The previous record for his work was the 2013 selling of “madonna and Kid with Young Saint John the Baptist” for $10.4 huge number of.

The work will be part of Sotheby’s “Master Paintings & Sculpture” marketing on Thursday.