Uncommon Botticelli portrait sells at public sale in New York for the document worth of $ 92.2 million

A rare Botticelli portrait sold for $ 92.2 million (6,722 million rupees) at auction at Sotheby’s in New York on Thursday a world record for all works by the Italian artist.

The Renaissance artist “Young Man Holding a Roundel” is one of only a dozen or so of his portraits that are known to survive today. Sandro Botticelli’s large-format paintings “Birth of Venus” and “Primavera” are exhibited in the Uffizi in Florence.

Sotheby’s said it was one of the most significant and valuable portraits of all time to ever appear at auction.

The auction price of USD 92.2 million conducted by bidders on the phone and online included a buyer’s premium. The identity of the buyer was not immediately known. The 15th-century work, also known as “Young Man with a Medallion,” had a presale estimate of $ 80 million, and Sotheby’s believed it could fetch more than $ 100 million.

“There are a number of artists who are… really Olympic in their genius. And Botticelli is one of them, ”said Christopher Apostle, director of old master paintings at the auction house, before the auction on Thursday.

Sotheby’s said Young Man Holding a Roundel was acquired by its previous, unidentified owner at auction in the UK in 1982 for $ 1.3 million.

It shows an unknown young man, probably a member of the Florence elite in the late 15th century, dressed in a simple tunic with a blue sky behind him and a roundel or medallion.

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