A Saudi prince has been revealed to be the buyer of Leonardo da Vinci's "Salvator Mundi," for which he spent $450.3 million. Had he given the money to the poor, as the subject of the painting instructed another rich man, he could have restored eyesight to nine million people, or enabled 13 million families to grow 50% more food.
Last month, “Salvator Mundi,” Leonardo da Vinci’s portrayal of Jesus as Savior of the World, sold at auction for $400 million, more than twice the previous record for a work of art sold at auction. The buyer also had to pay an additional $50.3 million in commissions and fees.
The painting has been heavily retouched, and some experts have even questioned whether it really is by Leonardo. Jason Farago, a New York Times art critic, described it as “a proficient but not especially distinguished religious picture from turn-of-the-16th-century Lombardy, put through a wringer of restorations.”
The buyer – who many believe to be the Saudi crown prince, Mohammed bin Salman, acting through a distant cousin – has paid a very high price for a painting of a man who is said to have told another rich person: “Go, sell your possessions and give to the poor, and you will have treasure in heaven.” That makes it relevant to ask: what could someone with a spare $450 million do for the poor?
The Life You Can Save, a nonprofit organization that I founded a few years ago, has a Charity Impact Calculator that enables you to see what can be achieved by donations to charities with a proven record of effective aid for the world’s poorest people. It shows that, for $450 million, you could restore sight to nine million people with curable blindness, or provide 13 million families with the tools and techniques to grow 50% more food.
If you want to follow Jesus’s command in a more literal manner, you could simply give the money to the world’s poorest families to use as they wish. A nonprofit called Give Directly will locate the neediest families and transfer your money to them, deducting only 10% for its administrative costs.
In case you think that people receiving such a windfall will spend it on alcohol, gambling, or prostitution, an independent evaluation has shown that they don’t. Give Directly’s cash transfers increase recipients’ food security, mental health, and assets. For $450 million, you could also buy 180 million bed nets, enough to protect 271 million people from malaria. (For all these interventions, the numbers are likely to be somewhat smaller, because the Charity Impact Calculator is not designed for such large sums, and so does not take into account that costs will rise once the needs of those who are easiest to reach have been met.)
Dec 12, 2017 PETER SINGER