Controversial Da Vinci is NY auction season star

NEW YORK: What is the only Da Vinci painting on the open market worth? A Russian billionaire believes he was swindled when he bought it for $127.5 million. This week he’ll find out if he was right.

‘Salvator Mundi’, a painting of Jesus Christ by the Renaissance polymath Leonardo da Vinci circa 1500, is the star lot in New York’s November art auctions that will see Christie’s and Sotheby’s chase combined art sales of more than $1 billion.

It goes under the Christie’s on Wednesday.

The auction house, which declines to comment on the controversy and identifies the seller only as a European collector, has valued it at $100 million.

“Look at the painting, it is an extraordinary work of art,” said Francois de Poortere, head of the old master’s department at Christie’s.

But the price will be closely hammer at watched — not just as one of fewer than 20 paintings by Da Vinci’s hand accepted to exist, but by its owner Dmitry Rybolovlev, the boss of soccer club AS Monaco who is suing Swiss art dealer Yves Bouvier in the city-state.

Rybolovlev accuses Bouvier of conning him out of hundreds of million dollars in parting with an eye-watering $2.1 billion on 37 masterpieces. One of those works was ‘Salvator Mundi’, which has been exhibited at The National Gallery in London. Bouvier bought the Da Vinci at Sotheby’s for $80 million in 2013. He resold it to the Russian tycoon for $127.5 million.

The painting’s rarity is difficult to overstate. For years it was presumed to have been destroyed. In 1958, it fetched 45 pounds and disappeared again for decades, emerging only in 2005 when it was purchased from a US estate. It was long believed to have been a copy, before eventually being certified as authentic.

Other highlights being offered by the auction house are ‘Contraste de formes’, a 1913 Fernand Leger valued at $65 million and ‘Laboureur dans un champ’ by Van Gogh, painted from the window of a French asylum in 1889 valued at $50 million.

Sotheby’s, whose May sales languished behind Christie’s, says it has more than 60 works making their auction debuts this week.

Chief among them is Francis Bacon’s ‘Three Studies of George Dyer’, valued at $35-45 million, and which it says is appearing in public for the first time in 50 years.

Sotheby’s other star lot is a 1972 Warhol ‘Mao’, exhibited in Berlin, Turin and Paris, and now back in public view for the first time since 1974. It has been given an estimate of $30-40 million.