Rembrandt Portrait, Which Sold at Christie’s in 2009, to Be Offered for $47 Million

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LONDON (REUTERS).- A Rembrandt portrait, one of the last works from the Dutch master’s late career still in private hands, will be offered for sale at the TEFAF Maastricht art fair later this year for $47 million. “Portrait of a Man With Arms Akimbo” was under the auctioneer’s hammer as recently as 2009, when it fetched an artist record price of 20.2 million pounds, or $33 million, at Christie’s in London. The buyer at the time was reported to be casino owner Stephen Wynn, although others, including Manhattan dealer Otto Naumann, were interested, according to New York Times. It is Naumann who is now exhibiting the work at the fair, according to PR company Cawdell Douglas, which represents TEFAF. The event rums from March 18-27. Since 2009, it has been “transformed by cleaning and can now be seen in its full glory,” a Cawdell Douglas statement said. Art experts said the sharply higher asking price could reflect both the cleaning