Sotheby’s Masters Week: $92 Million for Botticelli’s “Portrait of a young man holding a roundel “

Sotheby’s Masters Week: $92 Million for Botticelli’s “Portrait of a young man holding a roundel “

With over 1.3 million people watching, Sandro Botticelli’s Portrait of a young man holding a roundel made history during Sotheby’s Masters Week. Sotheby’s marquee Master Paintings & Sculpture Part I auction in New York saw a historic sale for a work by the preeminent Florentine master Alessandro di Mariano Filipepi, called Sandro Botticelli. The painting, an exquisite work of the Italian Renaissance, achieved an astonishing $92.2 million to lead Sotheby’s Masters Week, a series of seven auctions encompassing Old Master paintings, drawings and sculpture spanning more than half a millennium – many of which have not been seen in centuries.

Masters Week continued with the collection of prominent New York collector, art dealer and interior designer Hester Diamond. The highlight, Autumn, an exceptional and powerful marble from famed sculptors Gian Lorenzo and Pietro Bernini, set a record for the Baroque artists in the Fearless: The Collection of Hester Diamond Part I auction.

B otticelli’s magnificent Portrait of a young man holding a roundel, one of the very finest portraits from the Florentine Master, soared to $92,184,000 total. The price achieved today makes it not only one of the most valuable portraits of any era ever sold, but also one of the most valuable Master paintings ever sold at auction. It was last purchased at auction in 1982 for $1.3 million. “This is a painting that transcends the normal boundaries of the Old Master genre,” said George Wachter, Sotheby’s Co-Chairman of Old Master Paintings, Worldwide, “one of the best-preserved, most exquisite, classical Renaissance portraits that anyone could ever wish to own.”

Since Sotheby’s launch of the innovative, distanced livestream sale format last June, this is the second artwork to realize over $80 million at auction (this record was first set by the sale of Francis Bacon’s Triptych Inspired by the Oresteia of Aeschylus, which sold for $84.6 million in June 2020).

copyright: Sotheby’s
photo credit: Sotheby’s

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