BOOM: ‘Da Vinci Painting’ Sells for Record $450 Million!

Is it even real?

salvator mundi da vinci

A Leonardo Da Vinci painting  titled Salvator Mundi (Savior of the World) just sold for a record 450 million dollars, which is just shy of half a billion. After all, what’s 50 million bucks among art aficionados? Even if a small group of art critics expressed doubts about the painting’s authenticity, it really doesn’t matter.

What matters is that a painting sold for almost half a billion and if you were still having doubts that we’re living through the biggest bubble in history, now you know for sure that’s the case. 450 million dollars or 62,500 Bitcoin for millennials is a lot of dough by any metrics, surpassing previous records held by Picasso’s “Women of Algiers,” which fetched a mere 179 million dollars back in 2015.

The auction took a long ninety minutes, with four bidders on the telephone and one in the room. It’s worth mentioning that Da Vinci’s ‘Salvator Mundi’ is a rediscovered painting of the famous Renaissance artist and and it’s the most expensive piece of art Christie’s ever sold.

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Salvator Mundi is a 500 year old painting depicting Jesus Christ as the savior of the world and it was originally estimated at one hundred million dollars. Here are some details on the painting’s troubled history:

Following its rediscovery and sale in 2013, the painting was at the centre of a legal feud between current owner Dmitry Rybolovlev, the Russian billionaire and owner of AS Monaco football club, and Yves Bouvier, the owner of Natural Le Coultre, one of the largest fine art storage and shipping specialists. The protracted legal battle centered around claims that Mr Bouvier allegedly bought the painting for $80m and sold it to Mr Rybolovlev for $127.5m, a near $50m difference. A small group of critics have even questioned the painting’s authenticity.

If you are still having doubts about living in a giant fiat-money-bubble, check this out:

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Cy Twombly