Botticelli masterpiece sells for $92 mn at US auction

New York (AFP) – A portrait by Italian renaissance painter Sandro Botticelli sold for $92 million at an online Sotheby’s auction Thursday, smashing the record price for the artist. “Young Man Holding a Roundel,” believed to have been painted in the 1470s or 1480s, is considered one of Botticelli’s finest portraits and is the highlight of Sotheby’s Masters Week sale in New York. “This is a work that transcends time and categories. Now we really do know the price of beauty,” said George Wachter, co-chairman of old master paintings at Sotheby’s. The 23-inch by 15.5-inch (58-centimeter by 39-centi…

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HEDGE accordingly