ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

90-year-old almost threw this painting in trash. Turns out, it's a 13th century artwork worth $26 million

Thankfully, her family decided to consult an expert who revealed its true value. 
PUBLISHED AUG 31, 2024
Cover image source: Pexels | Andrew Neel
Cover image source: Pexels | Andrew Neel

Art is known to stand the test of time and while some masterpieces are housed in famous museums and are a matter of pride for humankind, a few have been stolen or simply lost never to be found again. A 90-year-old French woman recently discovered a 13th-century masterpiece in her kitchen, which turned out to be worth millions of dollars. The woman, who initially thought it was simply junk, almost threw it away. Thankfully, her family decided to consult an expert who revealed its true value. 

Image Source: Pexels | Red Nguyen
Image Source: Pexels | Red Nguyen

The expert noticed the unusual depiction of Christ surrounded by people. Upon scrutiny, he realized that it was a long-lost painting, "Christ Mocked", by Cimabue who was a prolific Italian painter from the 13th century. This is one of his 15 paintings known to exist, which makes the art a rare masterpiece. The painting got its name for being a part of an eight-part diptych that shows eight scenes depicting the crucifixion and passion of Christ.

The 13th-century masterpiece was originally supposed to go to Chilean billionaires Álvaro Saieh Bendeck, an economist, and his wife Ana Guzmán Ahnfelt, an architect who later couldn't get it due to the French government's declaration of the art being a national treasure, and denied the painting for an export license.

The government then granted the Louvre Museum 30 months to raise the necessary funds for its acquisition. Recently, the museum and the painting's owners reached an agreement, securing the artwork's place in the Louvre's collection. The director of the Museum expressed his excitement about the agreement and stated that it was a "great joy" to have acquired the painting. While the amount that the museum paid for the painting is unknown, the Chilean billionaires were ready to pay around $26 million for the painting. 

Representative Image Source: Pexels | Loïc Manegarium
Representative Image Source: Pexels | Loïc Manegarium

Des Cars said Cimabue's "Christ Mocked" is a crucial milestone in the history of art, marking the fascinating transition from icon to painting. The painting is set to be presented in 2025 during the spring exhibition, alongside the Maestà, which is another painting by Cimabue which too belongs to the Louvre collections and whose restoration is currently on.

Giovanni Cimabue was an Italian painter and a designer of mosaics from Florence. He is regarded as one of the first great Italian painters to break from the Italo-Byzantine style. His works often had life-like figures and featured more sophisticated use of shading to suggest volume. Giovanni Cimabue is known to be the teacher of Giotto, who was the first artist of the Italian Proto-Renaissance. 



 

As early as 1543, Vasari wrote of Cimabue, "Cimabue was, in one sense, the principal cause of the renewal of painting," with the qualification that, "Giotto truly eclipsed Cimabue's fame just as a great light eclipses a much smaller one," via Internet Archive. 

Something similar happened with this Spanish family, who too were shocked to discover that a painting that had hung on the wall of their home for years was actually a painting by Flemish Baroque artist Anthony van Dyck and potentially worth millions. The painting called "The Presentation of the Baby Jesus to Saint Barbara," is believed to be from the 17th Century.

MORE ON MARKET REALIST
The product was distributed in several but no illness has yet been reported.
1 day ago
While most people disagreed with what the mall did, there were some who understood the reason.
1 day ago
People are seemingly having a hard time saving apart from their retirement funds.
1 day ago
“These people are working and contributing and helping to reduce the debt and deficit,” an economic expert said.
1 day ago
As per a provision in US laws, the IRS had no right to levy penalties in the pandemic years.
1 day ago
The US had sanctioned Russia heavily over its military exercise in Ukraine.
1 day ago
While gas prices have jumped, diesel prices have skyrocketed across the country, averaging at $4.78
2 days ago
Last year, Buffett stepped down as the CEO of Berkshire Hathaway.
2 days ago
Many who feel financially behind are embracing “financial nihilism,” placing bets on high-risk options instead of traditional investing.
2 days ago
It was one of the rarest instances in the show in which a contestant had won two cars in one episode
2 days ago
Housing search data flags a shift in buyer sentiment as Californians look beyond Las Vegas for cheaper housing.
2 days ago
The company is doing whatever it can to stay ahead of its competitors in the field of AI.
2 days ago
Industry leaders warn that the Iran conflict could push fertilizer costs higher and eventually drive food inflation.
2 days ago
This could lead to domestic migration of the wealthy from the state before the law takes effect
2 days ago
Karoline Leavitt says it won’t affect married women, but critics argue name-change documentation could create new barriers.
2 days ago
As regulators tighten rules and refineries shut down, the Golden State, also known as the ‘fuel island’, grapples with extremely high gas prices.
3 days ago
The answer isn't clear yet, but early signs point to his policy backfiring in a bad way.
3 days ago
Find out how to identify the affected products and what steps to take.
3 days ago
From skipping meals to avoiding driving, Americans have been backed into a corner financially.
3 days ago
The company followed the likes of Block and Oracle in axing thousands of jobs.
3 days ago