Two, Perhaps 3 More Leonardos are Found in Private Hands

Two, Perhaps 3 More Leonardos are Found in Private Hands

Two, Perhaps 3 More Leonardos are Found in Private Hands

Before Leonardo da Vinci’s Salvator Mundi sold at auction for a record $450.3-M, it was marketed around the world as “the last Da Vinci” in private hands.

It turns out there are 2 more, and at least one dealer thinks they could be worth as much as $200-M each.

Both are smaller-scale, devotional paintings depicting the Virgin Mary with the Christ Child in her lap. The Baby Jesus is holding a cross-shaped stick used to wind yarn, which has inspired the shared name, The Madonna of the Yarnwinder.

“They are both in private hands,” said Martin Kemp, a da Vinci scholar and emeritus research professor of art history at Oxford University in the UK. “I know both owners.”

Christie’s says they do not comment on works that are not consigned and stand behind their presentation of Salvator Mundi,

One of these paintings, known as the Buccleuch Madonna, has been on view at the National Galleries of Scotland since Y 2009. It’s part of a long-term loan by the Duke of Buccleuch via a family trust, whose family has owned it for 250 years, according to the museum.

The painting was stolen in Y 2003 from the duke’s Drumlanrig Castle in Scotland and recovered 4 years later. At the time, it was valued at $65-M.

Technically, the painting can be sold, according to Harris Brine, a press officer at the Edinburgh-based museum. “But the trustees of the Buccleuch Living Heritage Trust have indicated to us that they have no intention of selling the painting,” Mr. Brine added.

The trust’s Chairman, Richard Scott, the 10th Duke of Buccleuch, declined to comment.

Mr. Kemp agreed that it would be “enormously unlikely” the family would sell.

“The Buccleuch Family is one the biggest landowners in Britain. They prize themselves as custodians for the nation. Their houses are open to the public,” he said. “But you can never be certain.”

The 2nd painting, known as the Lansdowne Madonna, after the English nobles who owned it in the 18th and 19th Centuries, was last sold in Y 1999 by New York’s Wildenstein & Co. It’s believed to have remained in the same private collection, Kemp said, declining to reveal the name of the owner.

Leonardo scholars believe 1 of the paintings was commissioned by Florimond Robertet, a top administrator in the Court of King Louis XII of France, before da Vinci left Milan in Y 1499.

The other painting remained in the artist’s studio and was listed in its inventory after his death, Mr. Kemp said.

“Technical analysis shows that Leonardo worked simultaneously on both pictures,” said Mr. Kemp, who authored several books about the painter, including one about the Yarnwinder Madonnas. “We can see from the under-drawings that he was very actively involved. The hair, the moist eyes—we can tell it was Leonardo.”

The main difference between the 2versions is the background: The Buccleuch Madonna features a seascape with an island; the Lansdowne, an Alpine range. The rock formation in the foreground of the Buccleuch is painted with a deep knowledge of geology, said Mr. Kemp.

On the other hand, the mountains in the Lansdowne painting are “very Mona Lisa-like.”

The Madonna of the Yarnwinder entered the Buccleuch Family collection in Y 1767, with the marriage of the 3rd Duke to Lady Elizabeth Montagu, who inherited a substantial art collection from her parents, the Duke and Duchess of Montagu, according to the museum. They had purchased the painting at auction in Paris in Y 1756.

While it is attributed to da Vinci and hangs at the National Galleries of Scotland, the museum acknowledges that his direct involvement has been debated.

“It seems likely that the overall design, and the execution of the figures and the foreground rocks, are entirely or largely his,” according to exhibition materials. “The background landscape is less characteristic, and was probably added by another artist. Technical examination has revealed landscape features and small figures not visible on the surface. That some of these reappear in early copies of the composition supports the idea that the background may have been left unfinished by Leonardo and completed only later.”

The Buccleuch Madonna was included with Salvator Mundi in a exhibition, “Leonardo da Vinci: Painter at the Court of Milan” at the National Gallery in London in Ys 2011-2012.

That exhibition attributed the painting to both da Vinci and an “unknown 16th-Century painter” who “seems to have completed the landscape background,” according to the exhibition materials.

Mr. Kemp listed both versions of The Madonna of the Yarnwinder as by da Vinci in his book, Leonardo (Oxford University Press, 2004), and acknowledges that a studio was involved.

“It would be absolutely considered to be a Leonardo, even if not every piece of brushwork is by Leonardo himself,” he said. Entrusting minor, monotonous details to assistants was a common practice in the studios of Old Masters, although unlike Titian and Rubens, Da Vinci kept it small scale.

No more than 20 paintings attributed to da Vinci have survived, and both Yarnwinder Madonnas fit in between 15 and 20.

How the subtleties of attribution would impact the price should either work ever come to the market is an open question.

The experts agree that each would command extraordinary prices, though unlikely as high as that of Salvator Mundi, which was acquired by the Abu Dhabi Department of Culture and Tourism for the emirate’s new Louvre Abu Dhabi museum.

An Old Master dealer in New York said either painting could draw $150 or $200-M following the historic sale of Salvator Mundi on 15 November

Some scholars believe a 3rd exists, also privately owned.

Carlo Pedretti put it on the cover of his 2014 book, The Yarnwinder Madonna of Leonardo Da Vinci: The Three Versions for His First French Commission (CB Edizioni; bilingual edition, 2014).

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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