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How Much Would You Pay for a Renaissance Painting?

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    Nicholas Hall of Christie’s on the estimated millions to be fetched by Botticelli's 'Madonna & Child With Pomegranate' painting.

  • Duration 4:50
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This segment is called old money and I would say a painting -- millions from the Renaissance qualifies as old money.

Joining the company is -- all his co chairman of all of my.

Nineteenth century -- at Christie's -- welcomed the program wounding another englishman.

And these how we've been here 29 years can be too by about ten years time if so you all go to auction off some old masses in New York billion next year.

And you brought one of them with you can we put it on camera please.

Yes this is all walks from.

By both to Chile Sandra but -- -- Who was one of the greats.

Must as of the -- and -- missiles.

And in fact there's such an interest in in this period of the we're devoting special sale to the -- missiles.

In which we willing to notes -- one but to -- but to both each other's.

Which is in itself an extraordinary.

Relatives multi challenges television -- is a big hill to forgive me for putting into the American vernacular but to Baltic -- -- -- it's OK now how much you gonna get all the Acela is gonna get for that well this picture is estimated at three to five million dollars which in my view is a very modest estimate we're hoping that it will.

Go beyond the high end of that it's -- and rediscovering.

Which makes its.

Interest thing.

Forgive me for saying it necklace that three to five million for -- -- Whose name I know bolted shut I know I have nothing about our but I do know that many of its 500 years old does -- seem like a great deal of money.

When I see some of the small and on going for a hundred million plus I think a -- chilly -- three to five million is a good deal.

I'm sure you -- -- bring I couldn't agree with -- -- -- -- couldn't agree with you will and will what -- -- fuels is that people from all over the world we've taken another -- -- -- Which it was ones and by John.

To.

China retain Hong Kong we tickets to Moscow.

And -- those in international interest in this particular period.

Does it does it bother you.

That's me you love that's when you know it you love it comes in and appreciate it all -- life does it -- That it might be bought by somebody who knows nothing and does not appreciate anything about this picture who -- sees it as a way of making money in the future above -- Well I think you know itself is I don't think it's true that these what what surprised me when I went to Hong Kong and took the other -- to each -- that would auctioning.

Is the intense interest and actually the knowledge of many of the people.

That when we were talking about the picture of the it into the you could see.

Much more sophisticated since then one -- Imagine and -- and I think there is a genuine fest.

Across the world net net is the subject with us from future -- disingenuousness.

For investment vehicle within -- double -- money about ten years time well obviously I do think he'll buses seem like -- good like.

-- relatively.

Well priced when you think that.

Contemporary.

And who knows what will happen to some of the contemporary artists and have a making more than 305.

Ten million dollars in twenty -- time but each -- been with us.

500 it is who who own stock -- This is -- and can you tell me the name of the and I cannot latitude and -- -- to do hasn't been on public display but it is never but it has not been on public display.

In the last fifty years shall and that adds to I would have thought so -- -- everything -- -- -- selling this thing for thank you very much do I get a piece of the commission I think I think I relative.

All right so it goes up the sale early next year.

January offensive that it will sits in an auction room in New York City you take bids from all over the world.

Via the phone via computer and people with -- in the audience absolutely and -- expecting more than five million for -- -- who have been following this hoping for.

-- do you have an element you'll be very disappointed -- be disappointed if it does -- for more than ten million that would put a number ten.

Between five and an englishman speechless on money that photograph -- Nicholas hall it was a real pleasure.

-- thanks so much you gotta uphold company -- Garcia thanks very much indeed for bring it right in the studio.

I -- take a look at it closely I'd like to appreciate off themselves for wants that -- never.

That -- playing the harp music -- beautiful it is beautiful and thank you very much and -- thank you what one lack of -- one last question.

Madonna and child and pomegranate it's -- Pomegranate was a symbol of Christ's death and resurrection and -- the child is often seen holding holding a movement -- -- know that up Nicholas all those it thank you very much and it's appreciated.