The Lost Leonardo is an internationally co-produced documentary film directed by Andreas Koefoed, released in 2021. It follows the discovery and successive sales of the painting the Salvator Mundi, allegedly a work by Leonardo da Vinci, an artist for whom there are only a few attributed works in existence. The film chronicles the dramatic increases in the painting's value from its original purchase in 2005 for $1,175 to its auction in 2017 for $450 million, when it became the most expensive artwork ever sold. The use of high-end artwork for hiding wealth, as well as the conflicts created by large commissions and other economic incentives, are explored in the film. It includes interviews with leading art experts and art critics on issues regarding the provenance and authenticity of the work. Production was announced in late 2019 following the success of Ben Lewis's book The Last Leonardo: The Secret Lives of the World’s Most Expensive Painting. The film had its world premiere at the Tribeca Film Festival on June 13, 2021, and was released in the United States on August 13, 2021, by Sony Pictures Classics and in the United Kingdom on September 10, 2021, by Dogwoof. The film was widely praised by critics for its content, pacing and the portrayal of the subject as a thriller. A French-made film on the topic called The Saviour for Sale was also released at the same time. In October 2022, StudioCanal announced a plan to develop the film into a limited series with The Picture Company and Entertainment360.
Synopsis The opening introduces two American art dealers, Alexander Parish and Robert Simon, who buy a painting titled "After Leonardo" at a 2005 auction in New Orleans for $1,175. Both think the work is a "sleeper", a painting by a much better artist than is realized, although neither considers it to be by Leonardo. They show it to the New York art restorer Dianne Modestini, who cleans away the overpainting and discovers that the position of a thumb has moved (i.e. pentimento), suggesting the painting is an original. She also finds that the lips are drawn with no line, a technique common to other paintings by Leonardo, which she takes as a sign that the painting is indeed his work. Modestini completes an extensive restoration of the work that lasts from 2005 to 2013. Parish and Simon engage art dealer Warren Adelson. In 2008, they present the work to a curator at the National Gallery, Luke Syson, who asks five Leonardo experts including Maria Teresa Fiorio and Martin Kemp to view the picture. Syson is ambiguous about whether they authenticated it, and Fiorio says she did not authenticate it. In 2011, Syson controversially includes it in a National Gallery exhibition of Leonardo's works with the label, "by Leonardo da Vinci". Sotheby's are immediately engaged to sell the painting, asking $200 million, but find little interest. Professor Bernd Lindemann of the Gemäldegalerie, Berlin, declined it, saying: "Most of the painting is a remake and this was, for me, the argument to say, 'No, this is not a painting for the Gemäldegalerie'". The Leonardo expert Frank Zöllner says: "You have the old parts of the painting which are original—these are by pupils—and the new parts of the painting, which look like Leonardo, but they are by the restorer. In some part, it's a masterpiece by Dianne Modestini". Modestini declines to disclose her financial interest, saying: "He [Simon] paid me generously". The film introduces Yves Bouvier, a developer and owner of freeports, who explains how he has become an art dealer in his own right as a result of art that clients have deposited in his freeports around the world. The film explains how high-end art has become a tool for wealth management by people who need to be able to physically carry and secretly move large amounts of wealth around the world outside of the banking system. In 2013, Bouvier showed the painting to a Russian billionaire, Dmitry Rybolovlev, who engages him to purchase the work. Bouvier hires a professional poker player to negotiate with Sotheby's and agrees on a price of $83 million, but he tells Rybolovlev the price is $127.5 million. When Rybolovlev discovers the deception and realizes that there have been numerous other deceptions, he legally pursues Bouvier (in events known as Bouvier Affair), who tells the film he has since lost everything. In 2017, Rybolovlev hires Christie's to sell his entire portfolio and they market the painting as the "male Mona Lisa" and create a promotional video that includes Leonardo DiCaprio. The painting breaks the previous record for an art sale, selling for $400 million, with an additional $50 million of commission to Christie's. Word leaks that the buyer is Mohammed bin Salman and that the painting is being kept on his yacht. The film switches to a 2019–20 Leonardo exhibition at the Louvre where the painting is expected to be shown. In advance of the exhibition, bin Salman visits the Louvre with Emmanuel Macron and a publication appears in the museum's shop that authenticates the painting as being by Leonardo. However, in a dramatic twist, the painting fails to appear at the exhibition and the publication is removed from the shop with the Louvre denying that it was an official Louvre publication. The film ends speculating that bin Salman pulled the painting as the Louvre would not show it alongside the Mona Lisa, and that he was planning to show it in a new dedicated museum in Saudi Arabia.
Cast
People interviewed in the four different sections of the film are: Discovery and restoration:
Alexander Parish, American art dealer (and "sleeper hunter") who found the painting in 2005 Robert Simon, American art historian and art dealer who bought the painting with Parish Dianne Dwyer Modestini, American art restorer who worked on the painting in 2005–17 Warren Adelson, American art dealer engaged to value and sell the painting Authentification and 2011 National Gallery exhibition:
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