RESULTS: MILAN - MODERN & CONTEMPORARY ART SALE RESULTS

Christie's Modern & Contemporary Art sale in Milan totaled € 7,885,266 / £ 6,868,066 / $ 11,086,683, +40% vs last May. The top lot was a 1960s Concetto spaziale by Lucio Fontana (lot 3), whi

Milan

Sold lots:

Lots offered:

Sold by lot: 59%

Sold by €: 79%

Exchange Rate: €1 = £0,871 / $1,406

 

Lot

Description

 

Estimate (€)

 

Purchase

Price

Buyer

3

Lucio Fontana, Concetto spaziale, 1963-64

350,000 - 500,000

€731,600

£637,223

$1,028,629

Private

33

Giorgio de Chirico, Ruines Étranges (Contemplatori di rovine), 1932-34

400,000 - 600,000

€656,000

£571,376

$922,336

Private

29

Enrico Castellani, Superficie bianca, 1967

300,000 - 400,000

€504,800

£439,680

$709,748

Anonymous

24

Lucio Fontana, Concetto spaziale. Attesa, 1964

300,000 - 400,000

€492,200

£428,706

$692,033

Anonymous

37

Lucio Fontana, Concetto spaziale, 1961

150,000 - 200,000

€240,200

£209,214

$337,721

Anonymous

19

Enrico Castellani, Superficie bianca, 1964

100,000 - 150,000

€227,600

£198,239

$320,005

Private

18

Lucio Fontana, Concetto spaziale, Teatrino, 1964

120,000 - 180,000

€202,400

£176,290

$284,574

Anonymous

13

Piero Dorazio, Verdino, 1962

100,000 - 150,000

€183,500

£159,828

$258,001

Anonymous

73

Zoran Antonio Music, Cavallo azzurro, 1950

120,000 - 180,000

€183,500

£159,828

$258,001

Private

1

Salvatore Scarpitta, Mas Dos (Dos Mas), 1959

100,000 - 150,000

€164,600

£143,366

$231,427

Private

 

Renato Pennisi e Cristiano Giulio Sangiuliano, Co-Heads of Modern & Contemporary Art Department, Christie's Italy, commented: “Christie’s auction of Modern and Contemporary Art in Milan reconfirmed the importance of this saleroom in offering quality works by the best 20th century Italian artists. We were pleased with the intense participation of both Italian and international buyers in this sale, with strong interest among foreign buyers for works of art by Lucio Fontana and Enrico Castellani. The solid results achieved demonstrate this was the right mix of works for this market -- in fact, nine of the top ten lots sold above their high estimate. Several private collectors competed fiercely on ‘Ruines Étranges’, a 1930s museum-quality painting by Giorgio de Chirico which sold for €656.000.

Contacts:

Cristiano De Lorenzo                   Tel.  +44 7500 815 344                    E-mail: cdelorenzo@christies.com

 

Next sale:

Christie’s next sales of Modern & Contemporary Art in Milan will take place on 23 and 24 November 2011.

About Christie’s

Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting Private Sales for clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.