The billionaire Leon Black, who previously made headlines after buying Edvard Munch‘s “The Scream” for $120 million in Sotheby’s New York, has been identified as the mysterious buyer of Raphael’s “Head of a Young Apostle,” sold last December at Sotheby’s London for $47.9 million. Regardless of his winning bid, Mr. Black will have to wait until the Old Master’s drawing is released by the British government, as authorities have issued a export-deferral, in order to facilitate its acquisition by national collectors or institutions. “The waiting game for Mr. Black will end on July 3 if no serious offers are made, but may be extended until January 3, 2014,” reports Mary M. Lane. Read more at The Wall Street Journal.

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