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Abu Dhabi Says It Paid ‘Right’ Price for $450 Million Da Vinci

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Da Vinci Draws Record Price as Wealth Drives Market
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A senior Abu Dhabi official said the Gulf emirate has paid the right price to acquire Leonardo da Vinci’s $450 million painting “Salvator Mundi,” to be displayed at the Louvre Abu Dhabi.

“We worked very closely with the broker on this piece and we bid on it and it was acquired, thank God, with the price we felt it was right for,” Mohamed Khalifa Al Mubarak, chairman of the Abu Dhabi Department of Culture & Tourism, said on Monday at the Bloomberg Invest conference.