Secret Buyer Of $450 Million Leonardo Da Vinci Painting Revealed

Tyler Durden's picture

Ever since someone paid a staggering, and record, $450 million for Leonardo Da Vinci’s "Salvator Mundi" at a Christie’s auction in November, the entire world has wanted to know just one thing: the identity of the buyer. To that end, we got a big clue this afternoon when Bloomberg reported that the Louvre Abu Dhabi will be the recipient of the record-breaking Da Vinci painting.

The Louvre Abu Dhabi, as Bloomberg notes, is a "franchise" of the Paris original and represents yet another symbol of the oil-rich sheikhdom’s drive to boost its “soft power” credentials (even if it achieves precisely the opposite). To differentiate itself from neighboring Dubai, the Abu Dhabi brand of "west world" targets affluent tourists looking for culture and art and it has also built hotels, theme parks and malls. And it has decided that by having the most, most, most expensive painting in the world, it will be taken really seriously as a cultural icon (it won't). 

The Da Vinci was supposed to represent the pinnacle of achievement - because clearly most expensive is best - for the organization behind the museum, which became one of the most aggressive buyers on the global art market over the last decade. It opened last month with more than 600 artworks for its permanent collection, including such Old Master paintings as Giovanni Bellini’s “Madonna and Child.” Da Vinci’s “La Belle Ferronnière” is on loan there from the Louvre in Paris.

The museum’s opening has also coincided with a period of heightened political tension in the Gulf and the broader Middle East. As one of the seven sheikhdoms in the United Arab Emirates, and the one with the largest oil reserves, Abu Dhabi is entwined in a Saudi Arabian-led dispute with neighboring Qatar over its alleged support for terrorism.

Vain virtue, or rather artue signaling aside, the location of the painting was also a clear enough clue to the identity of the heretofore secret buyer, and his identity was unveiled also this afternoon, when the NYT reported that the buyer "is a little-known Saudi prince from a remote branch of the royal family, with no history as a major art collector, and no publicly known source of great wealth. But the prince, Bader bin Abdullah bin Mohammed bin Farhan al-Saud, is the mystery buyer of Leonardo da Vinci’s painting “Salvator Mundi,” which fetched a record $450.3 million at auction last month, documents show."

There are several oddities about this purchase, the first of which is the timing of this glaring and ostentatious display of obscene wealth: Bader splurged on this controversial "and decidedly un-Islamic portrait of Christ" at a time when most members of the Saudi elite, including some in the royal family, are cowering under a sweeping crackdown against corruption and self-enrichment.

The purchase becomes less odd following the NYT's revelation that Prince Bader is a friend and associate of the leader of the purge: the country’s 32-year-old crown prince, Mohammed bin Salman.

In other words, those who are in the circle of trust, or at least friends, don't have to worry about a corruption crackdown, even if the stench thereof is overpowering; everyone else however, should prepare for an extended stay at the Riyadh Ritz Carlton where you can check out any time you like... with about 10% of your net worth. And strangely enough, the NYT, which has rarely if ever criticized the Royal family (see ""Groveling In Excrement": Thomas Friedman Mercilessly Mocked For Bizarre Saudi Puff Piece") sees things in the very same way:

The $450.3 million purchase is the clearest indication yet of the selective nature of the crackdown. The crown prince’s supporters portray him as a reformer, but the campaign of extrajudicial arrests has been unprecedented for modern Saudi Arabia, worrying Western governments about political stability in the world’s largest oil producer, alarming rights advocates and investors about the rule of law, and roiling energy markets.

Oops, the NYT may be asked soon to retract that particular piece of non-fake news.

In any case, even for an extremely wealthy, although completely unknown someone like Bader to buy a half a billion dollar painting, turned out to be a challenge:

Documents provided from inside Saudi Arabia and reviewed by The Times reveal that representatives for the buyer, Prince Bader, did not present him as a bidder until the day before the sale. He was such an unknown figure that executives at Christie’s were scrambling to establish his identity and his financial means.

Yet even after he had provided a $100 million deposit to qualify for the auction, the Christie’s lawyers conducting due diligence on potential bidders pressed him with two pointed questions:

Where did he get the money? And what was his relationship with the Saudi ruler, King Salman? "Real estate," Prince Bader replied, without elaborating... well at least it wasn't bitcoin. He also said the he was just one of 5,000 princes, according to documents and people involved.

The real estate may be worth much less, however, if Bader's countrymen feel like burning it down. The reason: for Prince Bader, paying such an unprecedented sum for a painting of Christ also risks offending the religious sensibilities of his Muslim countrymen. Muslims teach that Jesus was not the savior but a prophet. And most Muslims — especially the clerics of Saudi Arabia — consider the artistic depiction of any of the prophets to be a form of sacrilege.

Some more on his background:

Prince Bader comes from a lesser branch of the royal family, the Farhan, who are descended from a brother of an 18th-century Saudi ruler. They do not trace their lineage to the founder of the modern kingdom, King Abdulaziz ibn Saud. But Prince Bader is a contemporary of Prince Mohammed. They attended King Saud University in Riyadh around the same time, if not together. And after King Salman, now 81, took the throne in 2015 and appointed Prince Mohammed to run much of the government, he named Prince Bader to high-profile positions, including one closely linked to the family.

 

In July, King Salman also named Prince Bader governor of a newly formed commission, led by Prince Mohammed, to develop the province of Al Ola, which contains an archaeological site that the crown prince hopes to turn into a tourist destination.

 

Prince Bader sat on the board of an energy company that did business in Saudi Arabia, Energy Holdings International, according to its website, and a short biography there describes him as “one of Saudi Arabia’s youngest entrepreneurs.” (It was not immediately clear if the company is still operating.)

 

According to the biography, he is also “chairman of the founding committee” of a local consortium that won a license from the kingdom to build a fiber-optic network, in a “strategic partnership” with Verizon. It is common for well-connected Saudi princes to profit by providing entry to the kingdom for international companies.

 

He is also described as one of the founders of a large recycling and waste-management business in Saudi Arabia. As for real estate, which Prince Bader described to Christie’s as the source of his money, the biography says he “has also been active in real estate projects in Saudi Arabia, Dubai and the rest of the Middle East over five years,” including in partnership with “large reputed companies.” The date of the biography could not be determined.

Furthermore, Prince Bader appears to have worked with Prince Mohammed on at least one grand project for his own leisure, as well. Together, the two approached Brent Thompson Architects, a firm based in Los Angeles, to design an elaborate resort complex near Jidda, according to a description of the project on the group’s website. It consisted of as many as seven palaces for princes in the Salman branch of the family, around an artificial body of water in the shape of a flower. “Petals of this tropical flower formed a series of private coves, each the home of an individual palace, its own private beaches, guesthouse, gardens and water sports facilities,” according to the description on the firm’s website.

And yet despite his obvious wealth, close family connections, and ostentatious style, the final purchase price of the Leonardo painting proved too much even for this royal:

The prince had told Christie’s that he intended to pay in one lump sum upon completion of the sale. But in light of the unexpectedly high sale price, a contract was drawn up specifying six monthly installments. Five are for $58,385,416.67.

 

The last installment is due on May 14. It is 2 cents less: $58,385,416.65.

It is unclear how Christie's plan on repoing the world's most valuable painting from the "most cultured country" in the middle-east, if for some reason the Prince decides not to make one or more monthly scheduled payments...

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junction's picture

It's a phony. An old copy of a painting based on Jan van Eyck's portrait of the Arnolfini family portrait. 

---

And speaking of phonies, on another subject, U.S. Senator Kirsten Gillibrand, who is pushing for Senator Al Franken to resign, is keeping silent about her father collecting a $100,000 legal fee from an upstate New York State cult that brands it young female members.  If not for Catherine Oxenberg, whose daughter got entrapped by this sex cult, New York State AG Schneiderman's staff of incompetents and liars would also have continued to ignore this bizarre cult.  As would most lame stream New York reporters, stumblebums waiting for their layoff notices from their failing newspapers. 

 

                            

https://pagesix.com/2017/11/23/secretive-upstate-group-had-gillibrands-dad-on-payroll/

 

Nxivm — a secretive group headquartered in Albany — has had countless well-connected power brokers on its payroll, including the father of Sen. Kirsten Gillibrand.

The lawmaker’s dad, Doug Rutnik, worked as an attorney for Nxivm for four months in 2004 at a rate of $25,000 per month.

“When he wanted to quit, he was falsely sued” on dubious grounds, said one source. “He ended up paying them back the $100,000 he’d been paid and signing a confidentiality agreement.”

Former members of N call it a cult and say its leader Keith Raniere, aka Vanguard, has a secret sorority of young, attractive women who are branded like cattle with his initials and forced to hand over nude photos as “collateral” in case they disobey him.

Rutnik was just one of several lobbyists and power brokers Nxivm has hired, including Roger Stone, Joe Bruno and Arkansas Judge Richard Mays.

 

People Magazine:

Jeff Truesdell

October 25, 2017 09:00 AM

Dynasty star Catherine Oxenberg is desperately fighting to save her 26-year-old daughter, India, from a controversial group she alleges has “brainwashed” her oldest daughter.

In 2011, Oxenberg saw an opportunity to bond with her then 20-year-old daughter after she learned from a friend about a self-improvement program called Nxivm (pronounced NEX-I-um) and they decided to attend a meeting together.

 

 

takeaction's picture

Read that name again....all I read is bin towelhead

Troll Magnet's picture

Speaking of phonies:

Saudi Royals = Jews

JackT's picture

What's the deal with the iPhone being held up?

J S Bach's picture

Kinda ironic.  A Muslim guy spending half a billion dollars for an image of the infidels' deity - Christ.  You can't make this stuff up.

JSBach1's picture

Now MbS will confiscate it as part corruption clamp-down: the prince being an infidel. Now off with his head!

Ooops...

But, in the end, this is nothing more than money laundering...

Gap Admirer's picture

So does Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud go by Prince Bader bin Abdullah bin Mohammed bin Farhan for short?

Chuck Walla's picture

WTF? I thought Islam didn't like images?  Didn't the Jihadis spend some dynamite blowing up old artifacts with faces? And now this guy buys a Prophet to make a profit?

L Bean's picture

Wahabbist Islam is a British-induced imperial racket. It has always been about suppressing folk tradition and authentic religion in complete obesiance to the current ruler(puppet). It still is. So they send their mercenaries out to destroy "idols", while simultaneously buying idolatrous European art to launder their money. Riotous!

Traditional Islam doesn't go crusading to destroy idolatry. They just avoid it, in favor of geometric and naturalistic artistic expression.

Donald J. Trump's picture

(((Bader))) bin towelhead?

My first thoughts are this guy is the straw man making the purchase for MBS with his new iller ill-gotten gains.

any_mouse's picture

VigilantCitizen just published an article on NXIVM a couple of weeks ago.

Endgame Napoleon's picture

I do not see what you mean.

https://en.m.wikipedia.org/wiki/File:Van_Eyck_-_Arnolfini_Portrait.jpg

If you are talking about the reflection on that round frame in the background of the Van Eyck portrait, even that does not echo the rendering of the clear crystal ball in the Leonardo painting. The Van Eyck has a detailed reflection of the Arnolfini couple in perspective, whereas the illusion of a clear crystal ball in the Leonardo painting was accomplished with just muted, abstract tonal transitions via Leonardo’s sfumato shading technique, which uses subtle, fuzzy, graduated tonal transitions to create depth and form.

https://upload.wikimedia.org/wikipedia/commons/thumb/7/7e/Jan_van_Eyck_-....

https://upload.wikimedia.org/wikipedia/commons/thumb/7/7e/Jan_van_Eyck_-...

Withdrawn Sanction's picture

It IS a fake. Can you say "money laundering operation?' There, I knew you could.

junction's picture

Thanks for the link.  Now I know more than I ever needed to know about dodgy art dealers, European geneaology and numerous Jewish money launderers.

3rdWorldTrillionaire's picture

From (2014) until present, he has been a PhD candidate in Information Sciences, at the Faculty of Arts and Humanities at King Abdulaziz University

From (2008-2014), PhD in Media and Communication from Goldsmiths, University of London

From (2003-2004), MA in International Journalism, Westminster University

From (1994-1995), Postgraduate Diploma in Police Sciences, Naif Arab University for Security Sciences

From (1989-1992), he earned his bachelor's degree in Security Sciences, from King Fahd Security College

 

Impressive credentials /s

WillyGroper's picture
that's some funny shit rat thar.

Miles Mathis said it's a fake & he's a damn good artist...a regular renaissance man.

prince badar bin fkd.

RussianSniper's picture

A fool and his money are soon parted.

junction's picture

You are wrong about that.  This painting functions like a dirty money laundromat.  The entire scheme was well thought out and years in the preparation.  That crystal globe held by the guy is a brilliant design maneuver that takes care of the major problem with the painting, how to remove the hand of the woman who was to the right of the guy as you face the painting. She was holding his hand until the "restorer" went to work.   

serotonindumptruck's picture

One must have a gullible buyer before one can ledger a profit.

Leave it to one of the most primitive species of Homo sapiens, who only value their wealth by what Anglo-Saxon White People have achieved before them, to purchase and take credit for one of humanity's greatest artists.

What did the Arab contribute to humanity?

Supposedly, algebra.

What did the Jew contribute?

Supposedly, the Theory of Relativity and the Polio vaccine.

zorba THE GREEK's picture

OMG, after close inspection of the painting, I can clearly see the faint numbers. Dude, you have been ripped off. 

Endgame Napoleon's picture

Anyone can appreciate the art of different cultures. Art is not about the narrative; it is an entirely visual thing. Studies have been done with totally illiterate people, not educated art buyers from any part of the world, but people who grew up deep in jungle villages. Amazingly, when asked to choose the best of two paintings — a mediocre painting and a respected masterpiece — these people who could not read and write chose the masterpiece every time. Illiterate sharecroppers’ wives in the American South have had quilts exhibited at the Met. Every one of the ones on display used complementary or analogous color schemes, as if the women had been taught color theory in school. These women could not read.

The traditional art of the Middle East is more about intricate patterns, using the arabesque shape. The pattern juxtaposes with the clean lines of the spartan architecture. Matisse's art is full of that arabesque shape. Artists often adopt the shapes, palettes or patterns of other cultures, like the way the Impressionists were influenced by Japanese bird’s eye perspective and the flattening of space in Japanese prints. Manet even painted Japanese prints into one of his most famous portraits. It is not the politics or the religion that impresses the artists; it is the way the artists in different cultures solve visual problems.

serotonindumptruck's picture

Yeah, you could probably do ink-blot tests on chimpanzees, and once you get the Alpha chimp to recognize the pretty flower pattern, then most of the other chimps would no doubt enthusiastically agree, while the Alpha chimp seeks to take credit for the artistic expression.

tattmaster's picture

intricate patterns......IN THE NAME OF MOHAMMED AND ONLY IN THE NAME OF MOHAMMED.  it must be demonization, huh? the reason we have none of them to speak of?  even christians knew da vinci was illuminati, they still buy it.  what do you buy?  JEWISH OIL!  didn't arabs just ban music festivals and allow women to drive?  SHYEA!!

3rdWorldTrillionaire's picture

What are you droning on about? This isn't the forum for art lessons... ZH is full of uncultured dudes.

Pernicious Gold Phallusy's picture

Numerals and algebra came to Europe from India after passing through the Arabic world.

tattmaster's picture

THIS PAINTING IS INDEED AUTHENTIC.  HOWEVER THE BUYER IS NOT.  ISAACSON THE JEW BIOGRAPHER WHO PORTRAYED STEVE JOBS' 1 TRILLION OF FREE ADVERTISING AND QE FUNDED RISE TO COMPUTER WALL ST SUPERSTARDOM PROBABLY LAUNDERED THIS MONEY ON BEHALF OF ONE OF THE MUDBLOOD INFIDELS.  I WONDER WHAT THE ARABS WOULD DO TO THIS GUY IF THEY KNEW OF HIS SICK WESTERN FETISH?  JUST DON'T RUIN MY PEOPLE'S ARTWORK, OR YOU WILL FIND THE WHITE DEVIL YOU CRAVE!!!  

Maximeme Q's picture

Bader bin Abdullah bin Mohammed bin Farhan al-Saud

= really huge business cards

3rdWorldTrillionaire's picture

What a fucking name to remember... or learn cursive. damn

nmewn's picture

"and decidedly un-Islamic portrait of Christ"

I don't know what that means, Muslims don't dispute the existence of Jesus Christ. 

They may dispute who He was but not His existence. 

directaction's picture

Noticed that too. Muslims revere the prophet Jesus, pbuh.

An entire chapter of the Quran is about his mother, Mary.

MuffDiver69's picture

Don’t tell..The author is tabloid tier in knowledge

iadr's picture

Light skinned, no beard. Non bushy eyebrows.

 

Not insulting my Persian friends. Not at all- they know.

 

But hey, it's pretty frikken obvious what she meant.

Endgame Napoleon's picture

Since they are not allowed to paint portraits due to their religion, they have developed an art about decorative pattern for its own sake. The modernists did the same thing in a way, focusing on the shapes, colors and the materials of art making, rather than any narrative, objective or figural content.

Dragon HAwk's picture

And let me guess he wants it stored out of country, just in case he has to relocate on short notice.

any_mouse's picture

It's kind of funny.

The painting has no intrinsic value. Everyone knows it is fake.

The painting is a marker, currently worth 450 million USD.

When he is ready to cash out he puts it up for sale and receives funds.

Way better than Bitcoin. It's backed by the Elite. For the Elite.

Rinse. Repeat.

Endgame Napoleon's picture

All of these investments are for the elite, including stocks. That is why we call it the fake news, when they say the economy is good because of soaring stock gains, while massive numbers of Americans are underemployed, relying on a combination of welfare, child tax credits and part-time work or living in mom’s basement because earned-only income does not even cover rent. Most people have zero betting money to blow on guesses about the comparative value of Bitcoin, stocks, gold or paintings.

any_mouse's picture

Money Laundering. Miles Mathis outed this at the end of November. Painting's a fake.

These art sales are used to launder funds from secret activities.

A Saudi fits the profile, and with current situation in KSA, probably needed to hide some cash in a hurry.

wisehiney's picture

Hey princey,

Take it from me

It will take more than that

To relieve your slightly troubled conscience

 

Drop-Hammer's picture

A great Western work owned by a sand-nigger.

totenkopf88's picture

Like the jews, SNs never produce anything to contribute to society

zorba THE GREEK's picture

I find the SN term to be rather Inappropriate. Still I give you an up vote because Zorba is not about being appropriate.

Endgame Napoleon's picture

Hey look, the arabs have cultural contributions going back to the earliest archeological ruins. The Jews have produced a disproportionate number of great writers and great scientists for their numbers in the overall population. Not sure why that is, but it is just an historical fact. They stress education.

Praeda2's picture

Yes, one must learn the ways of usury if they're to rip off the goyim.

6 MILLION MORE.

L Bean's picture

The Jews mostly came up as intellects during the inbred-times in Europe. Oooh that guy's really smart! He must have only married his 2nd cousin!

JibjeResearch's picture

Fools can't hold on to money...

They will find a way to use it... lolz :)

Omega_Man's picture

muslims wait for Jesus to come and save them from the infidel mericans... didn't you know? basically muslims are christians but they have not realized it yet... when Jesus comes back they will bow down to him... it's in their book

Sokhmate's picture

Correct. Jesus comes back as a Muslim. Kills the Jajjal. Peace spreads.