Park West CEO Albert Scaglione Weighs In On $450.3 Million Leonardo da Vinci Painting

Park West Gallery Leonardo da Vinci Salvator Mundi

“Salvator Mundi” (Savior of the World), c. 1500, Leonardo da Vinci. Public domain. Image courtesy of Wikimedia.

A bidding war on November 15 led to the sale of Leonardo da Vinci’s “Salvator Mundi” (Savior of the World) for $450.3 million, setting the new record for any work of art sold.

Park West Gallery Founder and CEO Albert Scaglione discussed the historic auction during a radio interview on WJR NewsTalk 760. Scaglione said he was “somewhat shocked,” but not surprised by the multimillion-dollar sale, pointing to the rare nature of the painting.

The artwork is one of the few attributed to da Vinci still in existence and the only one held privately. All of the artist’s remaining works are in museums.

“It’s rarity,” Scaglione said. “One of the greatest artists ever to live and the only painting you can buy is this one. I’m not surprised.”

The sale obliterates the previous records, both of which were set in 2015. Pablo Picasso’s “Les Femmes d’Alger, Version O” (Women of Algiers, Version O) sold for $179.4 million in a public auction, while Willem de Kooning’s “Interchange” was purchased in a private sale for around $300 million.

les femmes dalger picasso

“Les Femmes d’Alger, Version O” (1955) by Pablo Picasso. Image courtesy of The Independent.

The auction, conducted by Christie’s, started bidding at $75 million. After 19 minutes, the winning bid was a tremendous $400 million, with $50.3 million included as a premium to Christie’s.

“Salvator Mundi” dates back to the early 1500s. The painting, which is on a 26-inch-tall wood panel, depicts Jesus Christ dressed in a blue garb holding a crystal orb in his left hand and giving a blessing with his right.

The painting was commissioned by Louis XII of France and subsequently owned by King Charles I of England in 1649. The artwork was then auctioned by the son of the Duke of Buckingham and Normandy in 1763 before disappearing soon after. It resurfaced in 1900, and in 2005, a consortium of art dealers acquired it and restored it.

At the time of the interview, the buyer had yet to be identified. Scaglione speculated it may have been bought by a collector from Qatar or China. In 2011 and 2012, the work was shown at the National Gallery in London during its “Leonardo da Vinci: Painter at the Court of Milan” exhibition.

“I’m so excited about the fact that a da Vinci painting surfaced like this,” Scaglione said.


An Authentic Leonardo

Most scholars attribute the painting to Leonardo, though others are skeptical. As a result, the painting’s price has varied throughout its history, ranging from £45 ($59) in 1958 to $10,000 in 2005 to $200 million in 2012. Russian billionaire Dmitry Rybolovlev purchased it for $127.5 million in 2013 before offering it up for the November 15 auction.

“Salvator Mundi” (Savior of the World), c. 1500, Leonardo da Vinci. Public domain. Image courtesy of Wikimedia.

The intricate curls of hair, the detailed hands, and the presence of the sfumato technique (fine shading to transition between color and tones) indicate it is a genuine work by Leonardo. However, some scholars point to details such as the crystal orb’s unrealistic depiction and its overall composition to suggest that it might not be authentic.

“There is always, always, always going to be somebody saying, ‘Wrong, no, it’s no good,’” Scaglione said. “This painting was examined for periods of time by experts… and they really determined it is the one owned by the King of England.”

Authenticity dispute aside, Park West Gallery Director Morris Shapiro views the sale as a good sign.

“Even in our age of unprecedented transformation in culture, society and commerce wrought by the digital revolution, the fact that a 500 year-old painting (essentially just pigment on wood) can fetch such an astonishing price, suggests that we still assign great value to the treasures of human creation and that some things still remain right in this world,” Shapiro says.

“Antiphoner containing Common of the Saints” (c. 1483 and 1500-1510). Currently on display at Park West Museum.

Scaglione said those interested in viewing authentic artwork even older than “Salvator Mundi” can visit Park West Museum to view a rare illuminated manuscript created in the 13th and 14th centuries. The museum, which is free to the public, is located in Southfield, Michigan.

6 Responses to Park West CEO Albert Scaglione Weighs In On $450.3 Million Leonardo da Vinci Painting

  1. Steve Cook says:

    Well done interview, Morris!
    I hope you are well.

  2. Henry Hopkins says:

    You all miss the fact that he painted the right hand’s fingers in a position that is impossible to duplicate. Try putting your fingers in the painting’ position! Again, he did this for a specific reason.

  3. Dan Fichtner says:

    This is guide an interesting take on such an historic event in the Art World! I want to visit the Park West Museum! Thanks

  4. Mikhail le Roux says:

    Another great sign for the Art world as another treasure is passed on. Congratulations is in order for Mr Dmitry Rybolovlev and to the successful bidder.

  5. Jeff Evans says:

    Leonardo would never have produced such a badly drawn head. Look at the positioning of the eyes. The right eye is way off. The detail is weak and wooly, perhaps because of bad restoration, – but basic drawing is rarely lost to this extent.

  6. Claudia Fernandes says:

    Great job guys…what a beautiful painting congrats to the buyer…well done… and enjoy..

Leave a comment

Prove you\'re human. *

Latest News

  • How Marc Chagall Came to Illustrate One of the Greatest Love Stories of...

    Bob Dylan once said that “passion is a young man’s game,” but over 60 years ago, at the age of 55, famed artist Marc Chagall illustrated one of the ...
    Read More
  • Why We Love Buying Art on Cruise Ships: Confessions of an Art Enthusiast...

    After entering their first cruise ship art auction, this couple has never looked back.Don and Tina Tritton almost missed the boat. While their ship was docked in Ketchikan during a ...
    Read More
  • The Story Behind Anatoly Metlan’s Flamenco Dancers

    Grace, poise, energy—these are the qualities one finds in skilled dancers around the world, and are almost impossible to capture in a work of art.Almost.While historically known for his beautiful ...
    Read More
  • Collect Unique Romero Britto Artwork During Our Limited-Time Sale

    Chances are you’ve seen Romero Britto’s instantly recognizable style during your travels, but odds are you’ve never seen this many unique Britto paintings in one place.Park West Gallery just ...
    Read More
  • Enjoy Art Auctions Aboard the World’s Largest Cruise Ship: Symphony of the Seas

    If you’re a fan of Royal Caribbean art auctions, something big is on the horizon.This April marks the maiden voyage of Royal Caribbean International’s newest ship, Symphony of the ...
    Read More
  • Daniel Wall Follows His Heart in His New Spring Collection

    Spring is that special time when flowers bloom and love is in the air, and artist Daniel Wall is one of the rare artists who can uniquely capture the ...
    Read More
  • Dominic Pangborn to Showcase Art at 2018 Winter Paralympics

    Not long after enjoying the Olympics in his native country of South Korea, artist Dominic Pangborn received an unexpected phone call from 2018 Paralympics officials.“They had talked about doing ...
    Read More
  • Auctioneer Spotlight: Lucy Orbell

    Many Park West collectors develop lasting friendships with our art teams, underscoring our 49-year reputation of connecting people from all walks of life with artwork they love.Here’s a chance to ...
    Read More
  • Music Legend Gary Puckett Transforms Park West VIP Events Into Concerts to Remember

    When you attend a Park West auction, you never know who you’re going to meet. You might meet fellow art lovers, your favorite artist, or—if you’re lucky—you might meet a ...
    Read More
  • The Surrealistic Art of Peter Max: How His Style Made Him an Art...

    Peter Max is ...
    Read More
  • Park West and Scott Jacobs Help Raise Funds for Young Musicians

    When Park West Gallery teams up with its artists for a good cause, they make great music together.Park West Gallery helped raise $7,000 for the Amelia Island Jazz Festival’s music ...
    Read More
  • 5 Facts You May Not Know About Yaacov Agam

    Israeli artist Yaacov Agam is a groundbreaking pioneer of the kinetic art movement. As such, art lovers around the world are familiar with his transformative artwork and art installations ...
    Read More