What's Happening?
A chalk drawing by Rembrandt, titled 'Young Lion Resting,' has been sold for a record $18 million at a Sotheby’s auction in New York. The proceeds from the sale will benefit Panthera, a prominent wildcat
conservation charity. The drawing, which depicts a lion in exquisite detail, was sold by billionaire philanthropist Thomas Kaplan and his associate Jon Ayers. This sale sets a new record for the most expensive drawing by Rembrandt ever auctioned, surpassing the previous record of $3.7 million.
Why It's Important?
The sale of 'Young Lion Resting' is significant as it highlights the intersection of art and conservation. By dedicating the proceeds to Panthera, the auction not only raises awareness about the importance of wildlife conservation but also provides substantial financial support for efforts to protect big cats. This event underscores the potential for art to contribute to environmental causes, encouraging other philanthropists and art collectors to consider similar initiatives. The record-breaking sale also reflects the enduring value and appeal of Rembrandt's work in the art market.
