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

An ultra rare portrait by the famed Italian painter Sandro Botticelli can fetch eighty dolars million or even more in regards set up for sale at Sotheby’s on Thursday, by You.

The auction represents the first major test of the art market this season, in addition to the willingness of global collectors to shell out 8 or 9 figures for trophy works during the health crisis and market volatility. If it does well, it may help boost the reputation as well as prices for Old Master paintings at a moment when nearly all of lots of money in the art community is chasing newer, flashier works as a result of post-war and contemporary artists.

“There is an involved worldwide audience and interest for this particular painting,” said Charles Stewart, CEO of Sotheby’s.

The Botticelli painting, referred to as “Young Man Holding a Roundel,” is considered to have been painted around 1480. It is one of more or less a dozen portraits linked to Botticelli and one of just a few in private hands.

The seller is claimed to become the estate of late property billionaire Sheldon Solow, whom got the portion in 1982 for $1.2 huge number of.

To market the work during the pandemic, Sotheby’s shown the painting all over the world to collectors as well as potential bidders.

“The young male in the painting has completed more travel during Covid than probably anyone we know,” Stewart claimed.

Botticelli is most known 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 marketing of Child and “madonna with Young Saint John the Baptist” for $10.4 million.

The work will be a portion of Sotheby’s “Master Paintings & Sculpture” selling on Thursday.

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