A extraordinary Botticelli portrait might fetch $80 million contained Sotheby\’s auction

An ultra-rare portrait by the famed Italian painter Sandro Botticelli might fetch eighty dolars million or more when it comes in place for sale made at giving Sotheby’s on Thursday, by You.

The auction marks the very first big test of the art industry this year, along with the willingness of global collectors to spend eight or perhaps nine figures for trophy works while in the health crisis and market volatility. When it does nicely, it may possibly help increase the reputation as well as prices for Old Master paintings within a moment when virtually all of a lot of money in the art world is chasing newer, flashier succeeds as a result of post-war and contemporary artists.

“There is an engaged global audience as well as interest in this painting,” said Charles Stewart, CEO of Sotheby’s.

The Botticelli painting, referred to as “Young Man Holding a Roundel,” is actually thought to have been painted approximately 1480. It is one of approximately a dozen portraits attributed to Botticelli and one particular of merely a few in private hands.

The seller is claimed to become the estate of the late property billionaire Sheldon Solow, who acquired the piece found in 1982 for $1.2 million.

To market the job throughout the pandemic, Sotheby’s displayed the painting all over the world to collectors as well as potential bidders.

“The young man in the painting has done more travel during Covid than probably anyone we know,” Stewart believed.

Botticelli is most famous for “Birth of Venus,” which portrays the Roman goddess appearing from a seashell. The previous record for his job was the 2013 selling of “madonna and Kid with Young Saint John the Baptist” for $10.4 zillion.

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