Muslim Prince Spends $450 Million On A Painting Of Jesus
Muslim Prince Spends $450 Million On A Painting Of Jesus
Fight against corruption: Paving the way to the fourth Saudi state
08 December, 2017, 00:55
The new owner of table Salvator Mundi, an interpretation of Christ by Leonardo Da Vinci, is Saudi Arabian Prince Bader bin Abdullah bin Mohamed bin Farhan al Saud, according to an investigation of NY Times.
The Christie's house, which organized sale of Salvator Mundi, has not revealed identity of buyer, which since realization of auction had generated speculations on who had acquired work. The painting was sold November 15 for $450 million.
It is the first of three museums slated to open on the emirate's Saadiyat Island, with plans also in place for an edition of New York's Guggenheim. He is little-known Saudi prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud. But there is little known about Prince Bader, as he is not well-known as an art collector.
Christie's representatives attempted to identify Prince Bader and his source of finances before the sale, after he gave a $100 million deposit to qualify for the auction, The Times said. Prior to the auction, Christie's lawyers questioned him about his ties to the royal family and the source of his money, which he told them came from real estate.
But Prince Mohammed, whom the Times describes as King Salman's favored son and key adviser, has himself been criticized for his spending habits, including impulsively spending half a billion dollars on a yacht a year ago while at the same time slashing capital spending by 71 percent.
The Saudi art-world figure told The Journal that Prince Bader "is a proxy" for Prince Mohammed. As the Times points out, in July the king appointed Prince Bader as governor of a new commission led by Prince Mohammed and charged with developing the Al Ola region into a tourist destination.
The latter detail, however, was in fact far from reassuring: Saudi Arabia's many princes have caused quite a stir in the news lately, as last month the country's government detained more than 200 people in a crackdown on corruption and embezzled funds amounting to hundreds of billions of dollars, which included singling out many of its most prominent princes. This could be because Prince Mohammed is a supporter and ally of Abu Dhabi's crown prince, Mohammed bin Zayed Al-Nahyan.
ZION holds price to earnings ratio of 19.04 that presents much better indication for a stock's value than the market price alone. The stock of United Continental Holdings, Inc . (NYSE:GEF) earned "Buy" rating by Bank of America on Tuesday, September 6.
He was twice married to the same woman, Adeline Blondiau, whom he first Wednesday in 1990 when she was just 19. Celine Dion was among those who took to social media to pay their respects as news of his death broke.
The news as Uber had their licence renewal refused in London and were knocked back in the Welsh city of Swansea last week. The firm can still operate until 18 December and can appeal against the decision, the council said in a statement.
Smith in 2005, and Jolie candidly explained how she had a hard time in the decade after they sparked a romance. His brother Mike added on the show: "I never knew that I could be as happy as I am right now".
Following the transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. Zacks Investment Research downgraded McDonald's from a "buy" rating to a "hold" rating in a report on Friday, October 27th.
Bears reigned on a dull-volume day for Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) which lost $-0.24 between open and close. Van Eck Assoc Corporation holds 0.16% of its portfolio in Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) for 232,145 shares.
His tough stance surprised the corporate sector, which had expected easier deal reviews under the Trump administration. Warren, the Massachusetts Democrat, says megadeals like Aetna's $77 billion sale to CVS could kill competition.
The finance minister on his Twitter wrote that the certain misgivings have expressed in the media regarding bail in the provision. Also it will cancel the DICGC Act to transfer the deposit insurance powers and responsibilities to the Resolution Corporation.
Trump calls on Saudis to lift Yemen blockade 'immediately'
More than 10,000 people have been killed and two million displaced, and seven million are totally reliant on humanitarian aid. Riyadh has imposed a blockade on Yemen's ports after a Huthi missile was intercepted near Riyadh airport on November 4.
Depression over Southeast Bay of Bengal
Sea conditions are very likely to be rough to very rough along and off Andhra Pradesh and Odisha coasts. Coastal districts and many places in interior Odisha will receive rainfall till December 10.
Cowen Boosts Mosaic (MOS) Price Target to $24.00
Following the completion of the transaction, the director now owns 8,260 shares in the company, valued at $193,201.40. Finally, Koch Industries Inc. acquired a new position in shares of Mosaic in the 2nd quarter valued at $225,000.
Mike Riley hired as Oregon State assistant coach
Riley's hire at Oregon State means his buyout from Nebraska will be mitigated, but unlikely by much. Regarding coaching again, however, Riley said: "I still feel young and have the energy to do it".
Millions of dollars may have been stolen in bitcoin hack
Others say they can be helpful methods of payment, such as in crisis situations where national currencies have collapsed. Bitcoin has enjoyed a stunning rise this year, drawing increasing attention from mainstream investors.