THIS DAY IN HISTORY – Da Vinci notebook sells for over $5M – 1980

Via History.com

On December 12, 1980, American oil tycoon Armand Hammer pays $5,126,000 at auction for a notebook containing writings by the legendary artist Leonardo da Vinci.

The manuscript, written around 1508, was one of some 30 similar books da Vinci produced during his lifetime on a variety of subjects. It contained 72 loose pages featuring some 300 notes and detailed drawings, all relating to the common theme of water and how it moved. Experts have said that da Vinci drew on it to paint the background of his masterwork, the Mona Lisa.

The text, written in brown ink and chalk, read from right to left, an example of da Vinci’s favored mirror-writing technique. The painter Giuseppi Ghezzi discovered the notebook in 1690 in a chest of papers belonging to Guglielmo della Porto, a 16th-century Milanese sculptor who had studied Leonardo’s work. In 1717, Thomas Coke, the first earl of Leicester, bought the manuscript and installed it among his impressive collection of art at his family estate in England.

More than two centuries later, the notebook—by now known as the Leicester Codex—showed up on the auction block at Christie’s in London when the current Lord Coke was forced to sell it to cover inheritance taxes on the estate and art collection. In the days before the sale, art experts and the press speculated that the notebook would go for $7 to $20 million. In fact, the bidding started at $1.4 million and lasted less than two minutes, as Hammer and at least two or three other bidders competed to raise the price $100,000 at a time.

The $5.12 million price tag was the highest ever paid for a manuscript at that time; a copy of the legendary Gutenberg Bible had gone for only $2 million in 1978. “I’m very happy with the price. I expected to pay more,” Hammer said later. “There is no work of art in the world I wanted more than this.” Lord Coke, on the other hand, was only “reasonably happy” with the sale; he claimed the proceeds would not be sufficient to cover the taxes he owed.

Hammer, the president of Occidental Petroleum Corporation, renamed his prize the Hammer Codex and added it to his valuable collection of art. When Hammer died in 1990, he left the notebook and other works to the Armand Hammer Museum of Art and Cultural Center at the University of California at Los Angeles (UCLA). Several years later, the museum offered the manuscript for sale, claiming it was forced to take this action to cover legal costs incurred when the niece and sole heir of Hammer’s late wife, Frances, sued the estate claiming Hammer had cheated Frances out of her rightful share of his fortune. On November 11, 1994, the Hammer Codex was sold to an anonymous bidder–soon identified as Bill Gates, the billionaire founder of Microsoft–at a New York auction for a new record high price of $30.8 million. Gates restored the title of Leicester Codex and has since loaned the manuscript to a number of museums for public display.

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8 Comments
javelin
javelin
December 12, 2021 8:16 am

Wouldn’t that be around $30 million in today’s currency? The guy got a deal– I guarantee you that a Bezos, Musk, Buffet- type would divey up $30 million easily for it now.

Stucky
Stucky
  javelin
December 12, 2021 9:54 am

If I were filthy rich I would have paid 10x that price. To have in my possession the notes from one of the most brilliant human beings ever to have lived? Heck … make that 20x.

Anonymous
Anonymous
  Stucky
December 13, 2021 1:50 am

Lucky us, we have all kinds of missives from The Stuckmeister instead; now if only the printer would work faster.

Ken31
Ken31
December 12, 2021 12:36 pm

You have to be very rich to be allowed to hand over hundreds of millions in stolen goods to avoid charges. You know damn well the appraisal was low balled. They would have inflated the hell out of it, if they wanted a prosecution.

#Jewishprivilege
#Jewishsupremacy

Captain_Obviuos
Captain_Obviuos
December 12, 2021 3:01 pm

These Zionist scum did the same thing to Russia and Germany, sacking all the best loot, then promoting art which just wasn’t; it’s been happening here since after WWII.

Take a look at true art, since we’re here about Da Vinci originally: timeless masterpieces done by a genius. Incomparable. So good that centuries of artists have tried to imitate da Vinci, and failed.

Now, take a look at so-called art since after WWII: Andy Warhol painting fucking day-glo Campbells soup cans. Georgia O’Keeffe and her desert flowers which look suspiciously like labia. Jackson Pollock puking on canvas.

Point is, this is exactly what (((they))) do, get in there and ruin art, so the true art — which (((they))) already own — will raise in value astronomically.

Anonymous
Anonymous
  Captain_Obviuos
December 13, 2021 1:53 am

Word on the street is that a Hunter is going for $5MM this week.

MrLiberty
MrLiberty
December 12, 2021 5:58 pm

“Hitler’s pencil box” – for you hard-core MASH fans.

Willy
Willy
December 13, 2021 1:54 am

Will the artifacts be turned over to the Clinton Foundation for safekeeping?