It was in Early Renaissance Italy that portraits of notable individuals first came to be considered high art. Florentine master Sandro Botticelli was at the forefront of this transformation, depicting his subjects in the second half of the 15th century with unprecedented directness and insight – decades before Leonardo da Vinci painted his enduring Mona Lisa.

Botticelli was celebrated in his own time and sought out, from an early age, by the richest of patrons for commissions that only they could afford. But while he created some of the most arresting and penetrating portraits in the history of Western Art, only around a dozen examples have survived today – with almost all of them now residing in major museum collections.

Sotheby’s will offer one of Botticelli’s very finest portraits, Young Man Holding a Roundel, as the highlight of their annual Masters Week sales series in New York in January 2021. The work is estimated to sell for in excess of $80 million, which will establish it in art market history as one of the most significant portraits, of any period, ever to appear at auction – alongside Gustav Klimt’s Portrait of Adele Bloch-Bauer II (sold in 2006 for $87.9 million) and Van Gogh’s Portrait of Dr Gachet (sold in 1990 for $82.5 million).

Young Man Holding a Roundel is the pictorial synthesis of the ideals, the magic and the beauty of Renaissance Florence where, for the first time since antiquity, the individual and the human figure were at the centre of both life and art, and would come to define our understanding of humanism as we know it today. Botticelli was at the vanguard of this movement, and his revolutionary style leads him to be one of the first artists to abandon the tradition of depicting sitters in profile. Yet for all it embodies of the Florentine Renaissance, the painting is timelessly modern in its stark simplicity, bold colours and graphic linearity.

Sandro Botticelli's Renaissance Masterpiece To Sell For $80 Million

Young Man Holding a Roundel is comparable in its inventiveness and superb quality with the finest portraits by Botticelli in museum collections, ranking in importance alongside Portrait of a young man with the medal of Cosimo de’ Medici at the Uffizi Gallery in Florence, and Portrait of Giuliano de’ Medici at the National Gallery of Art in Washington, D.C. All these portraits appear to have been executed in the late 1470s / early 1480s, when Botticelli was at the height of his powers and embarking on his series of large-scale mythological and allegorical works that today rank among the most familiar and celebrated images in the canon of Western Art – including Primavera (late 1470s / early 1480s) and The Birth of Venus (mid-1480s), both at the Uffizi Gallery. The present painting differs from any other portrait of the time in the fascinating way in which Botticelli has shown his sitter holding a small roundel in his hand depicting a saint. This roundel is an original 14th-century work attributed to the Sienese painter Bartolomeo Bulgarini, which was inserted into the panel on which Botticelli painted his portrait. The significance of this striking visual device remains to be decoded but must relate in some way to the identity of the handsome young nobleman who shows it off so proudly.

Sandro Botticelli's Renaissance Masterpiece To Sell For $80 Million

While Botticelli’s noble sitters would likely have been well-known to audiences at the time, many of their identities have been lost to history. Though modest and restrained, the young gentleman’s clothing is clearly of the finest quality, and his elegant and contemplative demeanour embody the neo-Platonist and humanist philosophies that defined the culture of the Florentine elite. In the past, it has been suggested that he is Giovanni di Pierfrancesco de’ Medici, whose brother Lorenzo di Pierfrancesco de’ Medici was an important patron of Botticelli. Although there is no definitive evidence of this identification, Botticelli did indeed paint portraits of members of the Medici family and their circle.

Despite the apparent clarity and certainty of every line in Young Man Holding a Roundel, Botticelli was subtly adapting and developing the pose and details as he worked on the painting. X-rays and infra-red reflectograms not only show the structure of incised circles and lines that are characteristic of Botticelli’s method of plotting out his compositions but also reveal extensive underdrawing that differs in many details from the finished painting. This process of continuous revision is symptomatic of the perfectionist quest for the ideal that is a hallmark of his art.

Young Man Holding a Roundel was first securely recorded in the 1930s in the collection of Lord Newborough at Caernarvon in Wales and is believed to have been acquired by his ancestor Sir Thomas Wynn, 1st Lord Newborough (1736-1807) while living in Tuscany. In 1935/8, the portrait passed via a London dealer to a private collector, whose heirs sold it at auction in 1982 to the present owner for £810,000.

In the past 50 years, the painting has spent extended periods on loan at the National Gallery, London, the Metropolitan Museum of Art, New York, and the National Gallery of Art, Washington, D.C. It has also featured prominently in major exhibitions at the Royal Academy, the National Gallery of Art, Washington and the Städel Museum, Frankfurt am Main.

Sothebys

Sotheby’s has been uniting collectors with world-class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s has a global network of 80 offices in 40 countries and presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full-service art financing company, as well as the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby’s also presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby’s Wine, Sotheby’s Diamonds, and Sotheby’s Home, the online marketplace for interior design.

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