Last November, Leonardo da Vinci rewrote art-market history aback the rediscovered Salvator Mundi sold for $450.3 actor at Christie’s New York, obliterating the antecedent almanac for a assignment of art at auction. Now, that bazaar advance seems assertive to crawl bottomward to sales of the artist’s works on paper, abnormally as we access the 500th ceremony of his death, in May 1519.

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Paris bargain abode Tajan has aerial hopes for its June 19 bargain of a rediscovered Leonardo cartoon from 1492, which they accept could aback as abundant as €30 million–60 actor ($34 million–68 million). The alternate pen-and-ink cartoon shows Saint Sebastian angry to a timberline on one ancillary and accurate studies of candle ablaze on the other.

According to the artnet Amount Database, the bargain almanac for a assignment on cardboard by the Renaissance adept has stood at £8.1 actor ($11.48 million) aback 2001. Aback that work, Horse and Rider, awash at Christie’s London it was the aftermost time that a cartoon by Leonardo himself, rather than a archetype or a assignment by one of his followers, came to market. The additional priciest Leonardo cartoon anytime awash at auction was aback in 1989, with the $5.97 actor bargain of Personnage agenouille, tourné vers la gauche at Sotheby’s Monaco.

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It was Tajan Old Adept specialist Thaddée Prate and French art banker Patrick de Bayser who articular the cartoon actuality awash abutting year as a bona fide Leonardo afterwards advancing beyond it in a clandestine French accumulating in March 2016. At the time, with alone the 2001 bargain to go on, the bargain abode called the drawing’s amount at €15 actor (about $15.8 million). But in the deathwatch of the Salvator Mundi sale, the bargain abode began accepting calls from abeyant buyers, and started to amend the market.

The aback of the cartoon attributed to Leonardo da Vinci. Courtesy of Tajan.

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And while some advisers still agnosticism whether or not Leonardo actually painted Salvator Mundi, or if any of his aboriginal brushwork charcoal afterwards centuries of overpainting and restoration, the cartoon actuality awash by Tajan is beneath atramentous by controversy. (Purchased for the Louvre Abu Dhabi by the Saudi aristocratic family, Salvator Mundi has yet to go on accessible view—a much-touted appearance was postponed earlier this year, and the assignment is not mentioned in a contempo advertisement of the museum’s planned 2019 exhibitions.)

“The allegation of the St. Sebastian cartoon to Leonardo is actually solid,” Carmen Bambach, babysitter of prints and assets at New York’s Metropolitan Museum of Art told the New York Times. “The inscription fits altogether able-bodied with his manuscripts and appearance of handwriting, and the cartoon of the saint is commutual to added assets of the accountable that are already known.”

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Leonardo da Vinci’s Salvator Mundi. Courtesy of Christie’s Images Ltd., 2017.

There is one added hurdle for the drawing, however, as the French government has appointed the assignment a “national treasure.” That agency that no amount how abundant a monied beneficiary is accommodating to pay for the drawing, it could instead be airtight up by the French state, which has 30 months to bout whatever amount it fetches on the all-embracing market. Should the Louvre in Paris and the Ministry of Culture accept not to intervene, the cartoon would be acceptable for consign at the end of June.

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Thanks to the Leonardo’s deathday celebrations, 2019 is assertive to be a big year for the artist, with a 12-venue UK show, “Leonardo da Vinci: A Life in Drawing,” aperture in February, and a above appearance at the Louvre in the fall.

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