Lorenzo's son, the cardinal, received the hat from the Pope.(1) It was given him at the Badia on the way to Fiesole (i.e. at San Domenico), and many citizens went out to meet him when he came into Florence to visit the Signoria; and the next day he went to hear mass in Santa Maria del Fiore. And on this day the Signoria presented him with 30 loads of gifts carried by porters, being silver plate, and basins, and ewers, and dishes, and all the silver utensils that can possibly be used by a great lord. According to what was said, they were estimated at more than 20 thousand florins, although that seems impossible to me; but it was public report, and therefore I set it down. It was certainly a rich and magnificent gift. Praise be to God!
(1) When he had been made cardinal in 1488 he had not received the insignia, being only thirteen years old.