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Russian billionaire Dmitry Rybolovlev will try to sell his rare, rediscovered Leonardo da Vinci portrait of Christ as “Salvator Mundi,” or the savior of the world, for $100 million at Christie’s in New York next month—a record asking price for an Old Master at auction.

The oil painting from around 1500 depicts Christ as a Renaissance man dressed in flowing blue robes, his left hand cupping a crystal orb while his right raises a sign of blessing. The figure’s brown, curly ringlets fall down around his shoulders, framing a long…