Botticelli 'masterpiece' expected to top $80 mln at Sotheby’s sale

A portrait by Italian renaissance artist Sandro Botticelli is expected to sell for more than $80 million when it goes up for auction at Sotheby's in New York on Jan. 28.

"Young Man Holding a Roundel," believed to have been painted in the 1470s or 1480s, is considered one of Botticelli's finest portraits and is the highlight of Sotheby's Masters Week sale.

"This Botticelli is so much more spectacular in every way than anything we've seen coming to the market," Christopher Apostle, Sotheby's senior vice president, told AFP.

The 23-inch by 15.5-inch (58-centimeter by 39-centimeter) painting shows a man in his late teenage years with long golden hair sitting holding a disc featuring a bearded saint.

The roundel, which depicts the saint with his right hand raised, is an original 14th-century artwork attributed to Sienese painter Bartolommeo Bulgarini.

Art historians suspect the Botticelli depicts a nobleman proudly showing off the earlier artwork.

"This image symbolizes and exemplifies the Renaissance in Florence. We haven't seen anything like it in my lifetime," said Apostle, describing it as "a masterpiece."

The portrait was handed down through several generations of an aristocratic family in Wales for around 200 years.
Art scholars were unaware of the painting's existence until it first appeared on the market in the early 20th century.

"Portrait of a Young Man Holding a Roundel" has spent much of the last 40 years on public display since its current owner acquired it in 1982 for just 810,000 pounds ($1.1 million at 2021 rates).

It has appeared at New York's Metropolitan Museum of Art, the National Gallery in London and elsewhere.

Sotheby's says a sale of over $80 million would establish the...

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