Abu Dhabi, UAEWednesday 21 November 2018

FILE PHOTO: Members of Christie's staff pose for pictures next to Leonardo da Vinci's 'Salvator Mundi' painting which will be auctioned by Christie's in New York in November, in London, Britain October 24, 2017. REUTERS/Peter Nicholls/File photo NO RESALES. NO ARCHIVES

Watch: Long-lost Da Vinci painting of Jesus Christ sells for record $450 million

It sold for just $60 in 1958.

Fast forward nearly sixty years and "four hundred million dollars is the bid and the piece is sold".

Leonardo da Vinci's Salvator Mundi, a 500-year-old oil painting of Jesus, went under the hammer in New York on Wednesday for a record-smashing $450 million after fees, four times over its pre-sale estimate and more than double the old mark for any work of art at auction.

It's is the last privately owned Da Vinci painting and one of fewer than 20 by the Renaissance artist known to exist.

Its whereabouts were unknown until it reemerged in poor condition in a Louisiana auction house in 2005.

The painting has since been restored and was on display in London last month before arriving in New York for the auction.