techkenyot.com
techkenyot.com December 12, 2017


Mundi buyer was a Saudi prince

08 December 2017, 01:31 | Elsie Buchanan

Buyer of $450 million da Vinci revealed to be Saudi prince

Da Vinci died in 1519 and there are fewer than 20 of his paintings in existence. Thousands flock daily to the Louvre in Paris to see his masterpiece Mona Lisa

The painting is expected to arrive at the Louvre in Abu Dhabi, a museum in the United Arab Emirates.

The stunning amount paid by a Saudi royal for a painting that some believe is not a genuine Da Vinci, like reports of Mohammed bin Salman's profilgacy on yachts and similar luxury items, casts in sharp doubt Riyadh's claims of cracking down on extravagence and corruption.

The new owner of table Salvator Mundi, an interpretation of Christ by Leonardo Da Vinci, is Saudi Arabian Prince Bader bin Abdullah bin Mohamed bin Farhan al Saud, according to an investigation of NY Times. Prince Bader's responses were as shrouded as mystery as the painting itself: the money came from "real estate", and he was "just one of 5,000 princes" in Saudi Arabia.

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That's according to US intelligence officials who keep a close eye on the kingdom's young and powerful crown prince, says the Wall Street Journal. But intelligence officials say Bader was just a proxy for crown prince Mohammed. It turns out it's Saudi Arabia's crown prince Mohammed bin Salman. According to the New York Times, the buyer is a little-known prince from Saudi Arabia. But the Times investigation found that he certainly owns more than property. USA intelligence reports have been closely tracking Prince Mohammed's activities, according to The Journal, and identified him as the painting's buyer. As the Times points out, in July the king appointed Prince Bader as governor of a new commission led by Prince Mohammed and charged with developing the Al Ola region into a tourist destination.

The newspaper said that the work will be lent or resold to museums, largely in the Middle East and Asia.

He is a co-founder of a large waste management company in Saudi Arabia that processes 7000 tons of waste per day. The project was commissioned to Brent Thompson Architects, a Los Angeles-based design company.

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'Salvator Mundi, ' which means 'Savior of the World, ' went on public display in 2011 in a dramatic unveiling at The National Gallery in London, where the work was declared to be the first newly discovered Da Vinci painting in a century.

The previous owner of Salvator Mundi was a Russian businessman, Dmitry Rybolovlev, who purchased it for $127 million in 2013.

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