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Italy purchases Caravaggio portrait for €30 million after year-long negotiations
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The Italian state has acquired a rare baroque masterpiece by Michelangelo Merisi da Carlo, known as the "Carrying of St. Paul," paying 30 million euros ($49-52 million depending on exchange rate) in one of its largest single-artwork investments ever following extensive year-long talks with private sellers and international experts from Italy's Ministry for Cultural Heritage (MiB). The portrait depicts Monsignor Maffeo Barberini, who later became Pope Urban VIII during the late 16th century.
Key Points
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1Italy purchased a portrait by the Baroque master Caravaggio for €30 million after approximately one year of negotiations.
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2The artwork depicts Maffeo Barberini, who later became Pope Urban VIII and is now part of Rome's Palazzo Barberini collection.
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3This transaction represents one of Italy state government's largest single investments in an individual piece of art ever recorded.
Developments
Mar 10