WEDNESDAY, 21 FEB 2018

 

CONNECT

Facebook Linked In Twitter
Chinese_Edition_13/02-15/04_728x90px
GloriaJeans_266x90px
IMH LTD

Syllouris: Cyprus Solution Exclusively Depends On Turkey Stance

Kouyialis: Cyprus Expects EU to Maintain Improved Direct Payments System In Future CAP

IMH LTD
MTN_07/07-10/04_468x60px

INTERNATIONAL

brought to you by CIPA

$450m 'Leonardo Painting' Heads To Louvre Abu Dhabi

$450m 'Leonardo Painting' Heads To Louvre Abu Dhabi

A 500-year-old painting of Christ believed to be the work of Leonardo da Vinci is heading to the Louvre Abu Dhabi, the museum has said. The newly-opened museum made the announcement on Twitter, without specifying whether it had bought the painting at auction this month. Media reports say it was purchased by a Saudi prince.

The work - known as Salvator Mundi (Saviour of the World) - was sold in New York for a record $450m (£341m). It was the highest auction price for any work of art. The seller of the 500-year-old painting is Dmitry Rybolovlev, a former Bank of Cyprus shareholder.

The unidentified buyer was involved in a bidding contest, via telephone, that lasted nearly 20 minutes. The New York Times reported that it was bought by Saudi prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud, citing documents the newspaper had reviewed.

Leonardo da Vinci died in 1519 and there are fewer than 20 of his paintings in existence.

Salvator Mundi, believed to have been painted sometime after 1505, is the only work thought to be in private hands.

The Louvre Abu Dhabi museum opened earlier this month in the United Arab Emirates.

It cost £1bn to build the museum over the past 10 years.

It holds 600 artworks permanently and 300 loaned from France. The museum pays Paris hundreds of millions of dollars for this as well as for the use of the Louvre name and managerial advice.

MORE ON INTERNATIONAL

Ikea Joins Big Clean Switch to Offer 100% Renewable Energy Tariff

Joint venture claims cheaper green power could save UK households £300 a ...

HSBC Profits Jump to $17.2bn on Asia Growth

HSBC has posted a pre-tax profit of $17.2bn (£12.3bn) in 2017, saying its focus on ...

KFC in UK Closing 900 Outlets

KFC has closed more than half of its 900 UK outlets after delivery problems meant they ...

FROM AROUND GOLDNEWS

   

Ikea Joins Big Clean Switch to Offer 100% Renewable Energy Tariff

Joint venture claims cheaper green power could save UK households £300 a year Ikea is calling for households to join its latest joint venture ...
   

Cyprus Records Deflation Of 1.5% in January

Cyprus recorded deflation of 1.5% on an annual basis in January, official data released on Monday 20 February show.   The Harmonized Price Index for ...
   

Kouyialis: Cyprus Expects EU to Maintain Improved Direct Payments System In Future CAP

Cyprus expects the EU to maintain the role of direct payments as a means of supplementing and supporting agricultural incomes during the revision of the EU ...
   

HSBC Profits Jump to $17.2bn on Asia Growth

HSBC has posted a pre-tax profit of $17.2bn (£12.3bn) in 2017, saying its focus on Asia was driving growth. The results represent a 141% jump on the ...
   

KFC in UK Closing 900 Outlets

KFC has closed more than half of its 900 UK outlets after delivery problems meant they ran out of chicken. Last week, the fried chicken chain switched its ...
   

Significant Distinctions for Louis Hotels on Tripadvisor

2018 began very positively for Louis Hotels as it achieved high scores for 20 distinctions through the popular travelling website Tripadvisor. In fact, three ...
   

TUS Officially Launches Its Direct Flights to Ioannina

The Cyprus-based TUS Airways: "The Ultimate Schedule" officially launched, on Friday the 16th of February, its new route from Larnaca to Ioannina. ...
   

Production in Construction up By 0.1% In Euro Area For December 2017

Seasonally adjusted production in the construction sector in December 2017 compared with November 2017, increased by 0.1% in the euro area (EA19) and by 0.6% ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Antifraud_30/01-14/03_300x250px
GloriaJeans_300x250px

IMH LTD