An ultra-rare portrait through the famed Italian painter Sandro Botticelli can fetch $80 million or even more when it comes up for sale at Sotheby’s on Thursday, by You.

The auction marks the initial major test of the art industry this year, as well as the willingness of global collectors to spend 8 or nine figures for trophy works during the health crisis as well as market volatility. When it does well, it might help boost the reputation and rates for Old Master paintings within a moment when almost all of big money in the art community is chasing newer, flashier succeeds as a result of contemporary and post-war artists.

“There is an engaged worldwide audience and interest for this particular painting,” said Charles Stewart, CEO of Sotheby’s.

The Botticelli painting, referred to as “Young Man Holding a Roundel,” is considered to experience been painted around 1480. It’s one of approximately a dozen portraits linked to Botticelli and one of only a few in private hands.

The seller is claimed to become the estate of late property billionaire Sheldon Solow, whom got the piece inside 1982 for $1.2 million.

To promote the work throughout the pandemic, Sotheby’s viewable the painting all over the world to collectors as well as potential bidders.

“The young male of the painting has completed more travel during Covid than most likely anyone we know,” Stewart believed.

Botticelli is most recognized for “Birth of Venus,” that portrays the Roman goddess appearing out of a seashell. The previous record for the job of his was the 2013 marketing of “madonna as well as Youngster with Young Saint John the Baptist” for $10.4 huge number of.

The job will be part of Sotheby’s “Master Paintings & Sculpture” sale on Thursday.