Home Daily Blitz 500-Year-Old Leonardo Da Vinci Painting Sells For $450M At Auction
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500-Year-Old Leonardo Da Vinci Painting Sells For $450M At Auction

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The following is an excerpt from MICHELLE MILLER | November 15, 2017 | CBSNews.com |

NEW YORK -- A 500-year-old da Vinci painting once belonged to a king who died on the chopping block.

On Wednesday, it fetched a king's ransom -- on the auction block. It sold for $450 million late Wednesday -- which included the buyer's premium that is paid to the auction house -- in a bidding war that spanned nearly 20 minutes. The price hit $300 million about midway through the auction.

Christie's tweeted that it set a world auction record for any work of art sold at auction. Officials didn't immediately identify the buyer. Audible cheers and applause could be heard inside the Christie's auction house in New York when bidding completed.

Six years ago, art collector Robert Simon made a discovery that would rock the art world. He bought and restored what he thought was a merely a copy of Renaissance master Leonardo da Vinci's long lost work, the "Salvator Mundi" (Italian for "Savior of the World"). He got it at a bargain, for $10,000.

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