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Will any piece of art be sold for more than $450.3 million in 2019?

Question

In 2017, Leonardo da Vinci's Salvator Mundi sold at auction at Christie's in New York City for $450.3 million. The painting was sold by Dmitry Rybolovlev and the buyer was the Abu Dhabi Department of Culture & Tourism. This was the highest price ever paid for a single piece of art.

This question asks: Before 1 January 2020, will any other single piece of art be sold for more than $450.3 million?

Resolution should cite a press release from either the responsible auction house, or the buyer or seller (or their agents) of the artwork in question, or credible press reports.

The artwork must be a single piece, not a collection, and the consideration exchanged must be for the artwork only, excluding any other property included in the sale. The consideration may include any combination of cash, cash equivalents, equity, debt, real property or other financial assets, so long as the total value of the consideration exceeds $450.3 million according to either the seller, buyer, or agents acting on their behalf, or credible media reports.

In the event of a sale in which the value is confidential but is reported to be more than $450.3 million by a reputable source, that sale shall be considered to have met the critera.

The sale must be agreed to on or after January 1 2019 and before 1 January 2020, but physical custody of the artwork need not pass to the new owner before that date.

Categories:
Economy
Finance

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