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

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

The auction signifies the very first major test of the art market this season, in addition to the willingness of global collectors to spend 8 or maybe nine figures for trophy works while in the health crisis and market volatility. When it does very well, it may possibly help boost the track record and charges for Old Master paintings within a point in time when almost all of big money in the art world is chasing newer, flashier works coming from contemporary and post-war artists.

“There is an engaged global audience and interest in this painting,” stated 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’s one of roughly a dozen portraits linked to Botticelli and one particular of only a few in private hands.

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

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

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

Botticelli is most known for “Birth of Venus,” which portrays the Roman goddess appearing out of a seashell. The previous record for his work was the 2013 marketing of Kid as well as “madonna with Young Saint John the Baptist” for $10.4 million.

The job will be part of Sotheby’s “Master Paintings & Sculpture” sale on Thursday.

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