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A rare Botticelli portrait could fetch $80 million found Sotheby\’s auction

An ultra-rare portrait by the famed Italian painter Sandro Botticelli might fetch $80 million or perhaps a lot more when it comes in place for sale at Sotheby’s on Thursday, by You.

The auction represents the initial major test of the art industry this year, along with the willingness of global collectors to pay 8 or perhaps 9 figures for trophy works during the health crisis and market volatility. If it does very well, it may help enhance the reputation as well as charges for Old Master paintings at a time when nearly all of a lot of money in the art world is actually chasing newer, flashier is effective coming from contemporary and post-war artists.

“There is an engaged global audience as well as interest in this painting,” mentioned Charles Stewart, CEO of Sotheby’s.

The Botticelli painting, known as “Young Man Holding a Roundel,” is actually thought to have been painted around 1480. It’s one of about a dozen portraits attributed to Botticelli and one particular of only a few in private hands.

The seller is actually reported to become the estate of late property billionaire Sheldon Solow, who obtained the portion inside 1982 for $1.2 huge number of.

To market the work during the pandemic, Sotheby’s displayed the painting all over the world to collectors and possible bidders.

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

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

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

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