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A Saudi sheikh is testing Boston’s luxury market with a $35 million renovation of the Ames Webster mansion, a historic landmark known for its intricately detailed interior.

In the city’s posh Back Bay neighborhood, the 26,000-square-foot mansion is outfitted with artistic trophies of the late-19th century. Owned in the 1880s by the family of Frederick Lothrop Ames, an art collector who was considered one of the state’s wealthiest people at the time, it has murals by Orientalist French painter Jean-Joseph Benjamin Constant…