The consensus of estimates surrounding the price potential of Leonardo da Vinci’s Salvator Mundi was nowhere near the mark and the final result of $450.3 million left a lot of dropped jaws. As the instigator of the concept of a “Museum Industry® revolutionizing the economic model of the Art Market”, it is natural that Artprice, acutely aware of the intensifying interaction between the Art Market and the world of finance, should comment on this latest result.
Artprice – the world leader in art market services, solicited by hundreds of media organisations around world for the quality of its information about the Art Market – hereby wishes to explain that the price paid for Leonardo da Vinci’s Salvator Mundi is in fact the culmination of a perfectly logical and sober price construction process that has nothing to do with flights of emotion or reckless risk-taking.
thierry Ehrmann founder and CEO of…
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