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$450m Da Vinci painting bound for Louvre Abu Dhabi

MIDDLE EAST BUSINESS NEWS
Thu, 07 Dec 2017
ABU DHABI


A Leonardo da Vinci painting, sold for a record $450 million last month at a Christie's auction, is making its way to the Louvre Abu Dhabi, the museum has said.

The 500-year-old painting is known as Salvator Mundi (Saviour of the World).

“Da Vinci’s Salvator Mundi is coming to LouvreAbuDhabi,” the museum said on Twitter in Arabic, English and French, displaying an image of the work.

Auction house Christie's has declined to identify the buyer of the painting at the time of the auction, but media reports say it was purchased by Saudi Arabia's Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud. 

The first museum to bear the Louvre name outside France, The Louvre Abu Dhabi opened on November 8 in the presence of French President Emmanuel Macron.

It holds 600 artworks permanently and 300 loaned from France. The museum pays Paris hundreds of millions of dollars for this as well as for the use of the Louvre name and managerial advice, the report said.



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