"Da Vinci's Salvator Mundi is coming to #LouvreAbuDhabi", the museum said on Twitter in Arabic, English and French.
The New York Timesreported that the victor of the sale at Christie's on November 15 was a Saudi prince, Bader bin Abdullah bin Mohammed bin Farhan al-Saud, citing documents provided to the newspaper from inside Saudi Arabia.
Alex Rotter, the auction house's co-chairman of postwar and contemporary art in the Americas, represented the anonymous buyer of the Da Vinci and placed the winning bid after a spellbinding 19-minute contest that saw offers at $200 million, $300 million and $350 million fall short. Most who practice Islam - the state region of Saudi Arabia - shun visual portrayals of its prophets.
Despite Prince Bader's relatively obscure status, he is seen as a close friend of Crown Prince Mohammed bin Salman and has become more prominent in the kingdom since the crown prince's ascension. Buyers from the Middle East and Asia have been snapping up masterpieces to fill regional museums - and pushing prices ever higher.
Prince Mohammed also put Prince Bader in charge of governing a commission overseeing the development of Al Ola, which contains an important archaeological site.
The firm's website describes him as "one of Saudi Arabia's youngest" entrepreneurs, present in sectors including real estate, telecommunications and recycling.
The sale more than doubled the previous record of $179.4m paid for Pablo Picasso's The Women of Algiers (Version O) in 2015, also in NY.
Christie's said the artwork will be going to the museum, but declined to say whether the Louvre Abu Dhabi bought the painting.
The name of person who bought the painting The Savior of the World by Leonardo Da Vinci from billionaire Dmitry Rybolovlev is still unknown.
The presence of Salvator Mundi at The Louvre Abu Dhabi will be a great draw.
The museum opened with some 600 pieces including items from early Mesopotamia.
"Salvator Mundi", which depicts Jesus holding a crystal orb in his left hand and raising his right in blessing, is one of some 16 known surviving works painted by da Vinci. In many ways, it's a fitting pair, as most things luxe find their way to the UAE in one way or another.
When it resurfaced in 1900, it was purchased by a British collector.
In 2013, a consortium of dealers including Simon, Parish and Warren Adelson sold "Salvator Mundi" for $80 million to a company owned by a Swiss businessman and art dealer Yves Bouvier, Bloomberg reported.
The share price has moved away from its 20 days moving average at the rate of 6.79% and its 50 days moving average returned 6.55%. It is positive, as 85 investors sold WFC shares while 685 reduced holdings. 110 funds opened positions while 566 raised stakes.
But as it turned out, the Sri Lankan batsmen, especially Dhananjaya de Silva and Roshen Silva, negated their attack easily . "After the match ended, Pujara said, "[It is a] hard question to answer as I don't know technically what is going wrong.
An ankle injury slowed Love the last month of the season, but he still led the nation in rushes of at least 50 yards with 12. Ohio State running back Archie Griffin became the first player to do so when he won the award in 1974 and '75.
Department of the Interior Secretary Ryan Zinke and the director of the Bureau of Land Management, Brian Steed - on Monday in U.S. The suit, which is likely to provoke a prolonged court battle, claims Trump can not legally revoke the land's monument status.
A Cathay Pacific flight crew reportedly witnessed North Korea's latest missile test last Wednesday, the airline announced today. The organization condemned the Pyongyang regime in October for its repeated launch of ballistic missiles.
Though it wasn't technically a home game for Kansas , the Jayhawks had won 35 of their last 44 games played at the Sprint Center. The Jayhawks' mark was below their season average of 0.628, while the Orange's was below their season average of 0.491.
Morgan wrote in a report after meeting with Slager that the former officer did not remember Scott being on top of him. On April 4, 2015, Slager stopped the auto Scott was driving in North Charleston for a broken rear brake light.
The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.
The United States is leading an worldwide coalition helping Iraq fight Islamic State and has provided air and ground support. The PMF is government sanctioned and formally reports to Prime Minister Haider al-Abadi's office.
Former Mississippi State baseball and Major League standout Rafael Palmeiro is considering making a comeback in pro baseball. But Palmeiro thinks he still has something to prove after alleged steroid use tainted the end of his career.
Sirius XM Holdings Inc . has a 1 year low of $4.38 and a 1 year high of $5.89. 57 funds opened positions while 116 raised stakes. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.04 by $0.02.
Barcelona set a new record Champions League
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JP Morgan Chase & Co (NYSE:JPM) Shares Bought by HM Payson & Co
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Vetr Upgrades Lockheed Martin (LMT) to Strong-Buy
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How to See the 2017 Geminid Meteor Shower
Geminids come in all colors, sometimes have boisterous flaring, bursting flights, and sometimes leave lingering, luminous trails. Why is this year so favorable for the Geminids? The Geminids radiate from Gemini the Twins which will be overhead at 1:30 a.m.
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GE Power cutting 12000 jobs, part of $3.5 billion cost cuts
The First Fiduciary Investment Counsel Inc holds 749,269 shares with $20.24 million value , up from 730,758 last quarter. Class A (NASDAQ:SPKE) by 414,395 shares to 1.02 million shares, valued at $20.20M in 2017Q2, according to the filing.
Arizona hangs on to beat No. 7 Texas A&M 67-64
A handful of those led to transition buckets for Texas A&M and a few were passes simply thrown right to an opposing player. Vegas is highly precise when predicting totals of Aggies games, with an even split between overs and unders.
Middle-earth: Shadow of War
The update is free to anyone who owns Shadow of War , and is one of 5 free Shadow of War updates rolling out. Middle-earth: Shadow of War is now available for the Xbox One, PC, and PS4.