Sunday, December 23, 2012

A Priceless Artwork That is Beyond Insurance

Mona Lisa unlike most people would think is not actually an imaginary title of a piece of art work. Rather, this painting (1503-7), executed by the greatest artist and creative mind so far modern history has known, arguably, – the Italian Renaissance master, Leonardo da Vinci, and measuring 77cmx53cm, is the portrait of the wife of a local Italian peasant.

Mona Lisa

Today this painting also arguably, is the most important singular piece of artwork available today, both in terms of value, as well as popularity, and bearing in mind that it is after all not a very large scale job per se. The Mona Lisa is the most famous painting in the history of art and continues to inspire oil painting reproductions, parody, scientific theory, and more. According to the Guinness Book of world Records, Mona Lisa was assessed for insurance purposes at $100 million in 1962, but insurance was not concluded because the cost of the strictest security precautions was less that of the premium.

Mona Lisa which is housed in the popular (Gallery) Louvre in Paris, France, is a jealously and heavily guarded and secured piece of art. It is protected in a climate controlled environment and encased in bullet proof glass, a room which caused seven million dollars to build at the time. This painting which is considered priceless and cannot be insured has since become a proud property of the French people, and government, and has therefore survived more than 500 years today. 

By Morgan Nwanguma

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