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Sacred Art, Serious Money: Why Religious Objects Still Captivate Collectors

Close view of Virupaksha’s ornate headdress and armour, with blue and green decorative details.
Virupaksha, early fifteenth-century gilt copper-alloy figure, detail. Image courtesy of Bonhams. Source story

BY DAVID ROSENSTEIN

An object made for devotion can become the fiercest contest in an auction room. Collectors have paid HK$37.96 million for a gilded guardian, more than £5 million for a medieval mosque lamp and $450 million for an image of Christ. Beyond the bidding, contemporary painters still work with gold leaf and church communities care for images passed down through generations. Follow those connections and sacred art becomes a story of desire, astonishing skill and enduring attachment.

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The Densatil-associated figure of Virupaksha offers a spectacular entrance. Record-Breaking Sale: Ancient Tibetan Sculpture of Virupaksha Achieves $4.85 Million at Bonhams Hong Kong Auction reports HK$37,964,000 at Bonhams Hong Kong in 2023 for the early fifteenth-century Guardian of the West. Its armour and elaborate headdress announce a commanding presence. Follow the figure beyond the sale and it opens a route into the sacred setting, visual language and craftsmanship from which that presence emerged.

Full view of the Virupaksha figure standing in ornate armour and boots with one hand extended.
Virupaksha, early fifteenth century, full figure. Image courtesy of Bonhams. Source story

Gold Leaf in a Living Studio

The techniques are still alive in a working studio. Bottega d’Arte Toscana – Ancient Italian Gold Art Techniques in the 21st Century | Exclusive Interview with Silvia Salvadori introduces Silvia Salvadori’s contemporary practice through layered preparation, gold leaf, engraving and pigments. In the 2022 interview, the Tuscan painter describes an engagement with historical painting that becomes physical in the work of making a new image. The studio connects a present-day collector with demanding skills developed across centuries.

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Gold changes with the light; an engraved surface asks for a closer look. Salvadori’s original contemporary works and identified reproductions offer different ways to encounter that tradition. Watching the process deepens the appeal of historical pieces too. The collector begins to recognise the preparation beneath a luminous surface and the labour behind details that first appeared simply beautiful.

Silvia Salvadori at work on an icon. © Silvia Salvadori.
Silvia Salvadori at work on an icon. © Silvia Salvadori. Source story

The Lamp That Brought £5.13 Million

Glass can carry the same force. Islamic Sarghitmish Lamp Sets World Record as Most Expensive Glass Artifact, Selling for $6.5 Million at Bonhams follows the Sarghitmish mosque lamp to a £5,130,400 sale at Bonhams in November 2024. Made in Egypt or Syria in the fourteenth century, the lamp brings enamel, gilding, inscriptions and a patron’s emblems into one remarkable object. The auction totals cited here include buyer’s premium, the charge added to the winning bid.

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The object was made for illumination, and its surface carries words and symbols intended to be seen within a sacred setting. That gives its beauty a purpose. An inscription can communicate devotion, identify patronage and shape a composition all at once. For a collector, learning to read those connections turns the lamp from an exquisite piece of glass into a much fuller encounter with the people who commissioned and used it.

Sarghitmish enamelled glass mosque lamp with blue calligraphy, a red-and-white emblem, loop handles and a clear foot.
Mamluk enamelled glass mosque lamp made for Sarghitmish, 1351–1358. Image courtesy of Bonhams. Source story

Sixteen Years to Restore an Ensemble

In Malta, the story unfolds across an entire ensemble. After 16 Years of Restoration St John’s Co-Cathedral’s Majestic 17th Century Tapestry to be Exhibited in Malta announced the return of 29 tapestries after sixteen years of conservation at De Wit in Belgium. The 2023 account traced their commission to Grand Master Ramon y Perellos and described the silk, wool and religious imagery that had made their preservation such an ambitious undertaking.

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Scale changes the experience. A panel can be admired in a photograph, but a great tapestry ensemble also works through sequence, setting and its relationship with an interior. Its return allows an audience to encounter those connections again. Read beside the lamp and guardian, the project reminds us how much sacred art gains from the space around it—and how powerfully that context can enrich a collector’s understanding.

The nave of St John’s Co-Cathedral, Malta. Photograph: Boguslaw Garbacz.
The nave of St John’s Co-Cathedral, Malta. Photograph: Boguslaw Garbacz. Source story

The $450 Million Image of Christ

Then comes the price that still stops the conversation: $450,312,500. Salvator Mundi achieved it at Christie’s in 2017, offered as Leonardo da Vinci. Salvator Mundi: a Bone of Contention – Prominent Art Restorer Speaks Out examines the painting’s condition and the debates around its authorship and restoration. The sale made a devotional image one of the most intensely discussed objects in the art world.

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At its centre, Christ raises one hand in blessing and holds an orb. That image continues to meet the viewer beneath the extraordinary market story. Place it beside the mosque lamp and Virupaksha, and three different traditions become visible through their objects. Gesture, inscription and a guardian’s commanding posture each carry meaning, giving the collector something deeper to pursue than a sequence of auction records.

Salvator Mundi, depicting Christ holding an orb and raising one hand in blessing.
Salvator Mundi, full composition. Image reproduced in the linked analysis. Source story

An Istanbul Community Sees Its Treasure Again

In Istanbul, the renewed encounter began with conservation. Rare Byzantine Treasure Resurrected: Restoring the Sacred ‘Ierosolimitiko’ Icon Unites Past and Present describes Venis Studios’ work on the Ierosolimitiko icon at Saint Demetrius. A complex representation of Jerusalem and the Holy Land had become difficult to read beneath varnish, dirt and overpainting. Treatment addressed the fragile canvas and support as well as the obscured surface.

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The audience for that transformation included the people whose community had kept the icon. Familiarity acquired a new dimension as imagery became legible again. Such projects explain the intensity of care sacred objects inspire: a painting belongs to a visual tradition, but also to the daily and remembered life of a place. Conservation gives that continuing relationship more of the work to see.

Ierosolimitiko icon after conservation and restoration.
Ierosolimitiko icon after conservation and restoration. © Venis Studios. Source story

Beneath the Coverings, a History of Devotion

Another Istanbul investigation reached beneath protective coverings. The “Byzantine Mona Lisa” Discovered in Istanbul describes the examination of the Panagia Eleousa icon, painted on both sides and carrying work from different periods. Votive offerings and other material connected the object with a long history of use. The discovery opened the icon’s physical history while making the traces of that continuing devotion part of the story.

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Those layers give collectors a reason to keep asking questions. A covering, inscription or repair can show how an object’s place in people’s lives changed over time. Ethical Dilemmas in Art Conservation and Restoration: Preserving the Sacred Legacy of Christian Icons explores the responsibilities involved in treating such works. Documentation and technical examination help preserve that depth, allowing the history of care to remain visible alongside the imagery that first draws the eye.

Panagia Eleousa icon revealed beneath its protective covering. © Venis Studios.
Panagia Eleousa icon revealed beneath its protective covering. © Venis Studios. Source story

The spectacular prices and the patient studio work belong in the same conversation. A collector admiring a gilded guardian can learn from a contemporary painter’s handling of gold. Someone looking at an icon can follow the discoveries made during its treatment. The object becomes more compelling as its construction, use and survival come into view, connecting the auction room with the worlds beyond it.

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That is why sacred art continues to captivate. The surface offers colour, light and astonishing workmanship; the subject opens a history of belief, patronage and care. Understanding why a hand is raised, a patron is named or a figure stands guard makes the encounter personal and memorable. The price wins the headline. The reasons people made, kept and cherished the object give the collector a story worth returning to.


Also Read

Rare Byzantine Treasure Resurrected: Restoring the Sacred ‘Ierosolimitiko’ Icon Unites Past and Present


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