Lost $100 Million Botticelli Found in Italy: Ownership Under Investigation

Lost $100 Million Botticelli Found in Italy: Ownership Under Investigation

Jean Dubreil | Dec 1, 2023 2 minutes read 3 comments
 

A Sandro Botticelli painting worth approximately $100 million, lost for 50 years, was recently discovered in a family home near Naples, Italy. Italian authorities are now investigating its legal ownership and considering its potential public display after restoration.

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A long-lost masterpiece by the Italian Renaissance artist Sandro Botticelli, valued at an estimated $100 million, was recently discovered in a private home near Naples, Italy. This painting, previously situated in the small church of Santa Maria la Arita, found its way into the hands of a local family, where it remained hidden for several generations.

The Italian carabinieri's cultural heritage unit, under the leadership of Massimiliano Croce, is currently investigating the circumstances surrounding the painting's ownership. This inquiry was prompted by the artwork's unexpected reappearance after being considered lost for over five decades.

The painting, dating back to the 15th century, is a significant work depicting the Virgin Mary and Child. However, it has suffered notable damage over the years, including abrasions and color fading due to varnish oxidation. Plans are in place for a comprehensive restoration, with the possibility of the painting being exhibited to the public.


The legal proceedings aim to determine whether the family who has kept the painting for years acquired it legally. If the family's ownership is found to be illegitimate, the Italian state could claim the artwork. Conversely, if the family's possession is deemed lawful, they might retain the painting, possibly under the condition of it being showcased in a museum for enhanced protection and visibility.

This policy reflects Italy's stringent regulations regarding the private ownership of culturally significant art, which mandates proper security and preservation, monitored through regular state inspections.

Peppe Di Massa, an art historian, highlighted the painting's artistic and historical importance, particularly noting that the depiction of the Madonna was modeled after Simonetta Cattaneo Vespucci, Botticelli's muse and lover. He also pointed out the artwork's historical connection to Pope Sixtus IV, who initially donated it to the church as part of a strategy to secure financial backing from the influential Medici family for the completion of the Sistine Chapel during a period of financial difficulty.

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