The Salvator Mundi—the Leonardo-attributed panel sold privately for a record $450.3 million in 2017—has remained out of public view since the Christie’s auction, stored under Saudi royal ownership and reportedly held in a Geneva vault or secure Saudi facility pending completion of major cultural infrastructure such as the Wadi AlFann complex in Al-‘Ula. Saudi Vision 2030 projects envision a dedicated gallery, yet no firm exhibition timeline, loan agreement, or venue confirmation has materialized, and earlier plans (including a 2018 Louvre Abu Dhabi showing) were postponed indefinitely. With only weeks remaining before year-end and no recent announcements, conservation updates, or logistical signals pointing to a December unveiling, traders see the near-term probability of a public debut as remote. Other workshop versions continue to circulate at fairs such as TEFAF Maastricht, underscoring how the headline painting’s prolonged seclusion continues to shape market-implied odds.