The most expensive painting Da Vinci will appear in UAE

Saudi Prince Miteb bin Abdullah was released on Tuesday 29th November 2017 after reportedly reaching a settlement deal with authorities of over $1 billion

According to The New York Times, the buyer was Saudi Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud, according to documents to which the paper obtained access.

He is a friend and associate of the country's 32-year-old Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud.

It made the announcement via Twitter - but did not say if it had bought the painting at the NY auction last month.

A spokeswoman for Christie's would not comment on the identity of the buyer, but did confirm the painting would be displayed at the newly opened Louvre Abu Dhabi, in the United Arab Emirates, a branch of the Louvre Museum in Paris. Many of Saudi Arabia's richest and most powerful people were arrested and jailed last month.

Auction house Christie's has also steadfastly declined to identify the buyer, whose purchase in NY for $450.3 million stunned the art world.

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In recent years, Qatar has been the biggest player in the Gulf art world, but in June, Saudi Arabia and some of its allies broke off diplomatic and trade relations with Doha, which they accuse of supporting extremist movements. But the Times investigation found that he certainly owns more than property. He now serves as chairman of the Riyadh-based Saudi Research and Marketing Group (SRMG), which publishes 15 magazines and newspapers, including the Arabic daily Asharq Al-Awsat.

He is a board member of Energy Holdings International, an energy company with business in Middle East, Asia and Americas. The project was commissioned to Brent Thompson Architects, a Los Angeles-based design company.

The work was auctioned by Russian billionaire Dmitry Rybolovlev, who bought it in 2013 for US$127.5 million in a private sale that became the subject of a continuing lawsuit.

The painting, sold for a record breaking $450.3 million, was made by da Vinci back in the 1500s and depicts Jesus in a Renaissance dress with his fingers on his right hand crossed.

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