A painting by Renaissance painter Brodcino has sold for a record $10.7 million at a Sotheby’s auction in New York.
The play depicting a young man holding a pen and sheet of paper and, believed by scholars to be a self-portrait of the painter, sold for more than double its estimate of $3-5 million.
Initially, the auction house’s experts had considered the work to be by Giacopino del Conte. The portrait remained unidentified for decades in a German government office building and was returned to the heiress of its original Jewish owner, Ilse Hesselberger of Munich.
Hesselberger had acquired the painting in 1927, but her art collection and property were confiscated by the Nazis. At least four bidders claimed the portrait, which was acquired by a man present in the auction room. The painting is now Brodcino’s most expensive after “Portrait of a Young Man with a Book,” which was sold by Christie’s in New York in January 2015 for $9.1 million.
All net proceeds from the sale of his painting will be donated to organizations supporting Holocaust survivors and assisting the visually impaired.
At the same auction, a painting by Rubens depicting the beheading of St. John the Baptist (1609) sold for $23.5 million. It was last sold at auction at Sotheby’s New York in January 1998 for $5.5 million, and Horacio Gentileschi’s large-scale composition Mary Magdalene Penitent sold for $4 million.
Source: News Beast
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