{"id":6529,"date":"2021-02-03T14:34:26","date_gmt":"2021-02-03T14:34:26","guid":{"rendered":"https:\/\/uaaglobal.com\/6529-2\/"},"modified":"2021-02-03T14:34:26","modified_gmt":"2021-02-03T14:34:26","slug":"6529-2","status":"publish","type":"post","link":"https:\/\/uaaglobal.com\/6529-2\/","title":{"rendered":""},"content":{"rendered":"

One of the greatest portraits ever painted by Renaissance artist Sandro Botticelli<\/a> sold on January 28 at Sotheby\u2019s New York for a record $92.2 million. In a sale that marked the first major auction of the year, Botticelli\u2019s \u201cYoung Man Holding a Roundel\u201d saw competitive transatlantic bidding between representatives in New York and London, with the final under-bidder bidding on behalf of a collector in Asia. Only one of three portraits left in private hands by this leading artist of the Italian Renaissance, known to many for his famous \u201cPrimavera\u201d and \u201cBirth of Venus,\u201d the painting had attracted pre-sale interest from major institutional and private buyers alike. The price achieved makes it not only one of the most valuable portraits of any era ever sold, but also the second most valuable Old Master painting to ever sell at auction, second to Leonardo da Vinci\u2019s Salvator Mundi<\/a> which sold for $450m in 2017.<\/p>\n

\"True<\/p>\n

Two bidders ultimately competed for the painting and Sotheby\u2019s did not disclose the identity of the final buyer.<\/p>\n

Christopher Apostle, head of Sotheby\u2019s Old Masters department, New York, said, \u201cThis is not only an exceptional painting by Sandro Botticelli, it is also the epitome of beauty, and of a moment when so much of our Western civilization began. The sale\u2019s result is a fitting tribute, both to the painting itself and all that it represents.\u201d<\/p>\n

George Wachter, Sotheby\u2019s co-chairman of Old Master paintings worldwide, added, \u201cAs fresh today as when he was painted 550 years ago, Botticelli\u2019s \u2018Young Man\u2019 has cast his spell over everyone who has seen him. While the price achieved is the second highest ever for an Old Master Painting, this is a work that transcends time and categories. Now we really do know the price of beauty.\u201d<\/p>\n

Sotheby\u2019s exhibited it in London, Dubai, Los Angeles and New York ahead of Thursday\u2019s sale. The price, which included the auction house\u2019s fees, was the highest price paid for an old master since Leonardo da Vinci\u2019s Salvator Mundi sold for $US450m in 2017.<\/p>\n

Leading up to the auction, \u201cPortrait of a Young Man Holding a Roundel\u201d had been on a world tour, having been exhibited first in London, then in Dubai, Los Angeles and New York City.<\/p>\n

The Botticelli now stands alongside Francis Bacon\u2019s \u201cInspired by the Oresteia of Aeschylus\u201d as the second work to have gone beyond the $80 million threshold at auction since Sotheby\u2019s launched the new live-streamed auction format in 2020. The January 28 sale also registered some of the highest number of participants ever seen in a Sotheby\u2019s live-streamed auction, with 66 percent having registered online. Collectors of Old Masters also quickly embraced both livestream and online auction formats, with the category seeing record online activity last year, with double the number of online sales compared to 2019 and more than four times the aggregate online sales total.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the greatest portraits ever painted by Renaissance artist Sandro Botticelli sold on January 28 at Sotheby\u2019s New York for a record $92.2 million. In a sale that marked the first major auction of the year, Botticelli\u2019s \u201cYoung Man Holding a Roundel\u201d saw competitive transatlantic bidding between representatives in New York and London, with […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6529","post","type-post","status-publish","format-standard","hentry","category-call-for-artists"],"yoast_head":"\n- United Arts Agency | UAA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uaaglobal.com\/6529-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"- United Arts Agency | UAA\" \/>\n<meta property=\"og:description\" content=\"One of the greatest portraits ever painted by Renaissance artist Sandro Botticelli sold on January 28 at Sotheby\u2019s New York for a record $92.2 million. 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