Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

A Rediscovered, Restored Early Rembrandt Comes to Sotheby’s at $15.9 M., Possibly Joining His Priciest Works at Auction

June 26, 2026

'A real treat': Our book reviewer devours 'Pressing Matters' by Alan Ramey

June 26, 2026

Laurie Anderson Talks About Fleeting Freedom and America Turning 250

June 26, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Drawing of Foot Recently Discovered as Authentic Michelangelo Work Sells for $27.2 M. at Christie’s, Sets New Record

News RoomBy News RoomFebruary 6, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

Last March, a person who now wishes to remain anonymous submitted a photograph of a small, framed drawing of a foot to Christie’s online “Request an Auction Estimate” portal. Just under a year later—and after months of authentication research—the work, newly identified as an authentic drawing by Michelangelo, sold for $27.2 million on a $1.5 million–$2 million estimate.

Christie’s specialists determined that the work was a previously unknown study for the foot of the Libyan Sibyl, a figure featured in the artist’s Sistine Chapel ceiling. The drawing sold on Thursday after 45 minutes of bidding during Christie’s Old Master and British Drawings sale in New York, surpassing the previous auction record for a Michelangelo work—another drawing that sold for $24.3 million at Christie’s Paris in 2022.

According to the auction house, the red-chalk drawing is one of only about 600 Michelangelo drawings known to exist today. Of those, roughly 50 are studies related to the Sistine Chapel.

“In the 23-plus years I have been in the industry, I have been privileged to see many wonderful Old Masters moments, but today topped them all,” Andrew Fletcher, Christie’s global head of Old Masters, who placed the winning bid on behalf of a client, said in a statement.

The story of how the work arrived at Christie’s is nearly as remarkable as the drawing itself. The person who submitted the photograph said the work had hung on a wall for years and belonged to their grandmother. The back of the frame was sealed with duct tape and bore the handwritten attribution “Michelangelo,” in the grandmother’s own writing. The owner has said they always assumed it was a copy.

To authenticate the drawing, Giada Damen, a specialist in Old Master drawings at Christie’s, had the work examined using infrared reflectography to reveal underdrawings and other features not visible to the naked eye. She then cross-referenced it with other authenticated red-chalk studies by Michelangelo, particularly works in the collections of the Metropolitan Museum of Art and the Uffizi Gallery. At the Met, she found one drawing in particular that closely matched the newly discovered work.

“This one jumped out for the quality of the drawing,” Damen told the Times of London’s chief art critic, Laura Freeman. “Often what we receive are reproductions or copies, or drawings that are not of the highest quality.”As for who bought the work, Damen speculated that it may have gone to a collector or institution in the Gulf. After all, rumors circulated last fall that Abu Dhabi’s Department of Culture and Tourism acquired Gustav Klimt’s Portrait of Elizabeth Lederer for $236.4 million. And it has long been reported that Saudi Arabia’s Crown Prince Mohammed bin Salman purchased Leonardo da Vinci’s Salvator Mundi (ca. 1500) for $450 million. Why not one more trophy for the region?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

A Rediscovered, Restored Early Rembrandt Comes to Sotheby’s at $15.9 M., Possibly Joining His Priciest Works at Auction

Laurie Anderson Talks About Fleeting Freedom and America Turning 250

A $5 M. Guston Leads the Zabludowicz Collection at Christie’s London in a $34 M. Postwar to Contemporary Art Sale

Judge Gives Trump Administration Deadline to Explain Tarp Covering Kennedy Center

Crystal Bridges Museum Appoints Courtenay Finn as Chief Curator

An Exceptional Bronze Votive Chariot Was Unearthed, the First of its Kind Ever Found on the Iberian Peninsula

British Artist Tess Jaray, Known for Her Hard-Edge Abstractions, Has Died at 88

The Box in Plymouth, ‘a welcoming space’ which ‘reaches beyond its walls’, wins UK Art Fund’s Museum of the Year prize – The Art Newspaper

Mayor Mamdani Teams Up with Whitney on World Cup Poster Project

Recent Posts
  • A Rediscovered, Restored Early Rembrandt Comes to Sotheby’s at $15.9 M., Possibly Joining His Priciest Works at Auction
  • 'A real treat': Our book reviewer devours 'Pressing Matters' by Alan Ramey
  • Laurie Anderson Talks About Fleeting Freedom and America Turning 250
  • A $5 M. Guston Leads the Zabludowicz Collection at Christie’s London in a $34 M. Postwar to Contemporary Art Sale
  • Energy and the Iran War Report

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

'A real treat': Our book reviewer devours 'Pressing Matters' by Alan Ramey

June 26, 2026

Laurie Anderson Talks About Fleeting Freedom and America Turning 250

June 26, 2026

A $5 M. Guston Leads the Zabludowicz Collection at Christie’s London in a $34 M. Postwar to Contemporary Art Sale

June 26, 2026

Energy and the Iran War Report

June 26, 2026

Judge Gives Trump Administration Deadline to Explain Tarp Covering Kennedy Center

June 26, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.