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A rare Botticelli portrait might fetch $80 million in Sotheby\’s auction

An ultra rare portrait by the famed Italian painter Sandro Botticelli might fetch eighty dolars million or even more when it comes up for sale made 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 shell out 8 or nine figures for trophy works during the health crisis as well as market volatility. If it does well, it may help enhance the standing and prices for Old Master paintings during a point in time when virtually all of big money in the art community is chasing newer, flashier succeeds from post-war and contemporary artists.

“There is an involved worldwide audience as well as interest in this particular painting,” stated Charles Stewart, CEO of Sotheby’s.

The Botticelli painting, referred to as “Young Man Holding a Roundel,” is actually thought to enjoy been painted approximately 1480. It’s one of approximately a dozen portraits linked to Botticelli and one particular of only a few in private hands.

The seller is claimed to become the estate of the late property billionaire Sheldon Solow, whom got the piece inside 1982 for $1.2 zillion.

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

“The young man in the painting has done more traveling during Covid than probably anyone we know,” Stewart claimed.

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

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

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