To most of the world, the record-setting $450 million sale price of “Salvator Mundi,” the painting widely attributed to Leonardo da Vinci, seems like an astronomical sum. It's now been reported that the masterpiece was bought by a Saudi prince and is headed to the Louvre Abu Dhabi—but for many, the question remains: What makes something so precious and so beautiful that it’s worth almost half a billion dollars?
For insight, we turned to Doug Woodham, author of the best-selling book “Art Collecting Today: Market Insights for Everyone Passionate about Art.”
In an interview with UBS Wealth Management Americas On-Air Host Anthony Pastore, Woodham shares insights on the art world and offers advice on collecting, including:
- How to spot a fake and avoid overpaying for an authentic work
- How masterworks like “Salvator Mundi” are valued—and who’s buying them
- How scientists, scholars and auction houses authenticate a work of great art
- What, apart from the da Vinci painting, the art world is buzzing about heading into Art Basel Miami, of which UBS is a long-time supporter
UBS is a long-time supporter of the premier international Art Basel shows in Basel, Miami Beach and Hong Kong, for which UBS serves as global Lead Partner.