Museum Security Network

The Mysterious Buyer of the $450 Million Leonardo da Vinci? A Saudi Prince

By DAVID D. KIRKPATRICK7-12-2017

LONDON — He 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.

The revelation that Prince Bader is the purchaser, according to documents reviewed by The New York Times, links one of the most captivating mysteries of the art world with palace intrigues in Saudi Arabia that are shaking the region. Prince 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.

As it happens, Prince Bader is a friend and associate of the leader of the purge: the country’s 32-year-old crown prince, Mohammed bin Salman.

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.

Prince Mohammed’s consolidation of power has upended decades of efforts by previous Saudi rulers to build loyalty and consensus within the royal family. And even before the disclosure of the record-breaking purchase in a New York art auction by one of his associates, Prince Mohammed’s extravagance had already raised eyebrows, most notably with the impulse purchase two years ago in the south of France of a Russian vodka titan’s 440-foot yacht, for half a billion dollars.

A spokeswoman for Christie’s, the auction house that sold “Salvator Mundi,” said it did not comment on the identities of any buyers or sellers without their permission. Prince Bader did not respond to a detailed request for comment. But as The Times was pressing for a response on Wednesday, the newly opened branch of the Louvre in Abu Dhabi, in the United Arab Emirates, tweeted that the painting “is coming to Louvre Abu Dhabi.” The Saudi crown prince is a close ally of his counterpart in Abu Dhabi.

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. And 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. He was just one of 5,000 princes, he told the auction house, according to documents and people involved.

Less than two weeks earlier, on Nov. 4, the crown prince had ordered the crackdown on more than 200 of the richest Saudi princes, businessmen and government officials. The kingdom had been squeezed by years of low oil prices, and Prince Mohammed was seeking to recover hundreds of billions of dollars in alleged illicit gains.

“Salvator Mundi” represented a major prestige purchase in the art world, if a controversial one. Some experts questioned whether the painting was a true Leonardo. Some were simply unimpressed. The painting’s previous owner, Dmitry E. Rybolovlev, is a Russian billionaire who bought a $95 million Florida home from Donald J. Trump nearly a decade ago. Mr. Rybolovlev had paid $127.5 million for the painting in 2013 — less than a third of its sale price last month — and he is still locked in litigation with the dealer who sold it to him over that lofty price, among other transactions.

For Prince Bader, paying such an unprecedented sum for a painting of Christ also risked 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.

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.

full text plus video: The Mysterious Buyer of the $450 Million Leonardo da Vinci? A Saudi Prince – The New York Times

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