A extraordinary Botticelli portrait could fetch $80 million in Sotheby\’s auction

An ultra rare portrait through the famed Italian painter Sandro Botticelli could fetch $80 million or perhaps a lot more in regards in place for sale made at giving Sotheby’s on Thursday, by You.

The auction represents the initial big test of the art industry this year, along with the willingness of worldwide collectors to shell out eight or maybe 9 figures for trophy works while in the health crisis and market volatility. When it does nicely, it may possibly help increase the standing as well as charges for Old Master paintings at a moment when most of a lot of money in the art community is actually chasing newer, flashier succeeds as a result of post-war and contemporary artists.

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

The Botticelli painting, called “Young Man Holding a Roundel,” is actually considered to experience been painted roughly 1480. It is one of roughly a dozen portraits attributed to Botticelli and one particular of only a few in private hands.

The seller is actually claimed to end up being the estate of the late property billionaire Sheldon Solow, whom obtained the piece found in 1982 for $1.2 zillion.

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

“The young man in the painting has completed more traveling during Covid than most likely anybody we know,” Stewart said.

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 zillion.

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