One of the last portraits by Sandro Botticelli (Sandro Botticelli) to remain in private hands sold at auction at Sotheby’s in New York on Thursday for more than $92 million.
The auction house announced that the 15th century painting “Young Man with a Round Medallion” was the most expensive work by a Renaissance artist ever auctioned and the most valuable work by an Old Master ever sold at Sotheby`s. It is the second painting to surpass the $80 million mark since Sotheby’s began broadcasting its auctions live during the pandemonium – the first of which was Francis Bacon’s Aeschylus Oresteia, sold for $84.5 million last June.
Believed to have been created in the late 1470s or early 1480s, the sold Botticelli portrait was purchased by its previous owner in 1982 for just $1 million at today’s prices. It depicts an unidentified young man holding a small, round painting medallion. The medallion itself contains a miniature religious portrait of the 14th century Sienese painter Bartolomeo Bulgarini.