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  #1  
Old 11-16-2017, 03:37 PM
100backstroke 100backstroke is offline
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Default Leonardo da Vinci

The most expensive piece of art ever sold in history recently closed at Christie's Auction in New York City. It was a Leonardo da Vinci and sold for record $450.3 million dollars! More than double the previous world record ever paid for a work of art. It is only one of 15 true original Leonardo da Vinci's known to exist. Like Wow !
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Old 11-17-2017, 07:53 AM
1952boyntoncollector 1952boyntoncollector is offline
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Quote:
Originally Posted by 100backstroke View Post
The most expensive piece of art ever sold in history recently closed at Christie's Auction in New York City. It was a Leonardo da Vinci and sold for record $450.3 million dollars! More than double the previous world record ever paid for a work of art. It is only one of 15 true original Leonardo da Vinci's known to exist. Like Wow !
should get it graded..though it may be 'restored' 'altered'
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Old 11-17-2017, 08:19 AM
ALR-bishop ALR-bishop is online now
Al Richter
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Is there any credible dispute about authenticity ?
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Old 11-17-2017, 08:42 AM
1952boyntoncollector 1952boyntoncollector is offline
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I should hope not for that price...
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  #5  
Old 11-17-2017, 09:03 AM
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Raymond 'Robbie' Culpepper
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It amazes me that there is anyone who has the kind of money to spend that much on one item! WOW!!
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Old 11-17-2017, 09:47 AM
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The really interesting part is that the painting was restored to some extent before it was put back up for Auction.

It may be Authentic, who knows for sure, but it is mind boggling that so much was paid considering it was restored to some extent.

I have limited knowledge of this piece of Art so if I am off base, please feel free to correct me.

Thanks

Duane
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Old 11-17-2017, 10:23 AM
NewEnglandBaseBallist
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A few facts that the sole winner of this ALLEGED Da Vinci masterpiece might want to consider:

1. Nearly 1/2 of the world’s population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day.

2. 1 billion children worldwide are living in poverty. According to UNICEF, 22,000 children die each day due to poverty.

3. 805 million people worldwide do not have enough food to eat.

4. More than 750 million people lack adequate access to clean drinking water. Diarrhea caused by inadequate drinking water, sanitation, and hand hygiene kills an estimated 842,000 people every year globally, or approximately 2,300 people per day.

5. In 2011, 165 million children under the age 5 were stunted (reduced rate of growth and development) due to chronic malnutrition.
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Old 11-17-2017, 10:47 AM
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Quote:
Originally Posted by ALR-bishop View Post
Is there any credible dispute about authenticity ?
There seems to be some dispute.
Christie's (they got a cool $50 million for this sale, less the possible pay off, from buyers commission, to the seller) launched the biggest ad campaign in history for one piece of art for this Da Vinci. I guess advertising pays.
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Last edited by RichardSimon; 11-17-2017 at 10:47 AM.
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Old 11-17-2017, 10:54 AM
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Anybody who spends nearly 1/2 a Billion dollars on a piece of art, doesn't garner a whole lot of sympathy with me if they didn't do their due diligence in regards to authenticity.
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Old 11-17-2017, 11:07 AM
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Quote:
Originally Posted by NewEnglandBaseBallist View Post
A few facts that the sole winner of this ALLEGED Da Vinci masterpiece might want to consider:

1. Nearly 1/2 of the world’s population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day.

2. 1 billion children worldwide are living in poverty. According to UNICEF, 22,000 children die each day due to poverty.

3. 805 million people worldwide do not have enough food to eat.

4. More than 750 million people lack adequate access to clean drinking water. Diarrhea caused by inadequate drinking water, sanitation, and hand hygiene kills an estimated 842,000 people every year globally, or approximately 2,300 people per day.

5. In 2011, 165 million children under the age 5 were stunted (reduced rate of growth and development) due to chronic malnutrition.

I'd guess this is going into a huge corporate building (whether on public display or hidden somewhere), and then taken as a direct expense deduction, or some other accounting magic is going to take place which becomes much more beneficial then a charitable deduction.

Of course it could have also just as easily been won by some despot in a poor foreign country stealing money from their people, or a Sheikh in the Middle East who doesn't give a lick about the lower classes or paying taxes at all, because all the taxes go directly to them already.

I'd be kind of curious what kind of paperwork and banking know how goes into a $450 Million consignment sale, where the money is getting transferred from, and what kind of security goes into transporting a piece of art like this to the winner?

I'd certainly be interested in seeing a well made documentary that delved into the minutia of the details of an auction like this.
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