How the Chase for the Latest ‘Lost’ Caravaggio Has Captivated Europe’s Art World

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How the Chase for the Latest ‘Lost’ Caravaggio Has Captivated Europe’s Art World
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If authenticated, a painting by the Baroque master Caravaggio—initially listed at auction this past spring for around $1,800 and potentially worth millions—could become one of the most valuable old master artworks in the world

Late this March, Maria Cristina Terzaghi, an associate professor at Italian university Roma Tre, was writing about the acclaimed Baroque painter Michelangelo Merisi da Caravaggio, when art dealer Fabrizio Moretti sent her a photograph of a painting via WhatsApp. It featured Pontius Pilate presenting a thorn-crowned Jesus, a recognizable tableau known as.

“Immediately, it was so clear. I said, ‘OK, I have to see it [in person],’ ” she recalls of her first glance. The starting bid for the artwork, which was slated to go on sale on April 8 at the Madrid auction house Ansorena, was just 1,500 euros, equivalent to about $1,800.Terzaghi asked the dealer and auctioneers for higher-resolution images, which further fueled her supposition that the work was an authentic Caravaggio.

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