Art market

Why the Royal Academy is wrong to consider selling their precious Michelangelo

How much does a Michelangelo cost? It is, as they say, a good question, meaning: nobody really knows. The reason for this odd state of affairs is that almost none of them have ever been bought and sold on the open market, which is how the prices of most things are established. It’s hard to think of many examples of his sculptures being traded in that way over the past 500 years. Strangely, the main exception is the ‘Taddei Tondo’, otherwise known as ‘Virgin and Child with the Infant St John’, which, reportedly, some members of the Royal Academy are suggesting the RA should sell. If that were to happen,