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Sandro Botticelli s
Portrait of a Young Man Holding a Roundel, (c. 1444/5 – 1510) at Sotheby s New York. Courtesy of Sotheby s.
A rare-to-market 15th-century masterwork by the Florentine super-star painter Sandro Botticelli,
Portrait of a Young Man Holding a Roundel from circa 1480, led Sotheby’s live-streamed Master paintings and sculpture sale on Thursday morning for a record $92.2 million.
Bidding opened at an eye-popping $70 million and chugged along with the help of chandelier bids at $2 million dollar increments until a real one came in at $78 million, quickly followed by the winning $80 million hammer price. It went to an anonymous telephone bidder represented by Lilija Sitnika, Sotheby’s London-based senior client liaison working the Russia desk.
The Finest Botticelli in Private Hands Sells for a Record $92 Million Bloomberg 1/28/2021 James Tarmy
(Bloomberg) On Thursday morning in New York, Sotheby’s sold an impeccably preserved painting by the Italian Renaissance artist Sandro Botticelli for $92.2 million, a 787% increase from the artist’s previous, 2013 auction record of $10.4 million.
The painting, was executed around 1480 and depicts an elegant young man lightly holding a roundel of a saint. For the last 40 years, it had been in the possession of the late real estate developer Sheldon Solow, who purchased the work in 1982. Over time, the billionaire slowly donated fractions of the painting to his private foundation; at the time of the sale, his foundation owned at least 99% of the painting, saving the Solow family some $33 million in capital gains taxes.
A Botticelli Portrait Sells for $92 Million at Sotheby’s Auction
“Portrait of a Young Man Holding a Roundel” dates to around 1480, and its sale is the art market’s biggest test of the new year.
Botticelli’s “Portrait of a Young Man Holding a Roundel” (circa 1480), is believed to show a Medici family member. It also has a small, gold-ground tondo inserted into the painting.Credit.Julian Cassady for Sotheby’s
By Katya Kazakina
Jan. 28, 2021
A small painting by Sandro Botticelli fetched $92.2 million at auction at Sotheby’s on Thursday, in the art market’s first big test of the new year.
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The sale of Young Man Holding A Roundel 1470-80 by Sandro Botticelli, which went under the hammer today at Sotheby’s has achieved in excess of $80m ($92.1m plus fees). It was reported that it sold to a Russian buyer on the phone with Lilija Sitnika, a director and senior client liaison on Sotheby’s Russia desk in London.
The painting embodies Sandro Botticelli’s achievements as a portraitist. Praised by the great Italian Renaissance scholar and museum director John Pope Hennessy as “a giant among portraitists,” Botticelli was celebrated in this field, yet precious few examples of his portraits survive today. Were it not for his fashionable tunic, the supremely elegant individual depicted here could have stepped out of one of Botticelli’s mythological or religious paintings, so striking is his resemblance to the beautiful figures that inhabit those works. Innovative in form and at the same time wholly characteristic of Botticelli’s genius, this timeless masterpi