It appears to be perfect timing for trading in da Vinci, seeing that the biography by Walter Isaacson[0] is a bestseller and likely to be turned into a movie. You'd guess that market liquidity would be greatly increased by this, and liquidity (the ease with which one can find buyers and sellers -- buyers esp in this case) is likely to be a major issue in the art market. And a da Vinci might appeal to bidders who aren't normally involved in the art market.
Walter Isaacson talks about his book and the painting in question, "Salvator Mundi," "the one that's going to be going on sale," in a 50-minute interview with Charlie Rose.[1] The talk of this painting is at 31:45. That's pretty good marketing right there.
The painting itself is mesmerizing, gorgeous, awakening, tremendous.
> liquidity is likely to be a major issue in the art market
How much art is being bought only to park some money (like Chinese rich buying houses in US and Canada, keeping them empty)? They might treat art like bitcoin - as unreproducible proof of work standing in for money.
Rich people store art in freeports (along with gold bars, like in the Geneva Freeport) to secure their assets while avoiding paying taxes. And from times to times, they lend some of their art pieces to museums in countries where they want to further reduce their taxes.
According to an article in The Economist[1] in 2013: "Because of the confidentiality, the value of goods stashed in freeports is unknowable. It is thought to be in the hundreds of billions of dollars, and rising."
Walter Isaacson talks about his book and the painting in question, "Salvator Mundi," "the one that's going to be going on sale," in a 50-minute interview with Charlie Rose.[1] The talk of this painting is at 31:45. That's pretty good marketing right there.
The painting itself is mesmerizing, gorgeous, awakening, tremendous.
[0] https://www.goodreads.com/book/show/34684622-leonardo-da-vin...
[1] https://charlierose.com/videos/31068 (31:45 for talk of "Salvator Mundi")