On Monday it is expected to sell for more than $150 million (€126m) and make Irish stud owner John Magnier a profit of more than €100 million. Mr Magnier, who runs the Coolmore Stud, bought the piece from Las Vegas casino magnate Steve Wynn for $26.9 million in 2003. Leonardo da Vinci’s Salvator Mundi, which sold for $450 million in November, had a presale estimate of $100 million. “There is tremendous connoisseurship in China, ” said Mr Shaw, who will be the auctioneer for the Modigliani sale. In New York, the Guggenheim, the Museum of Modern Art (MoMa) and the Met own one each.

Source: The Irish Times May 12, 2018 16:41 UTC