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

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvador Mundi, 2017), for a single collection sale (the Collection of Peggy and David Rockefeller, 2018), and for a work by a living artist (Jeff Koons’ Rabbit, 2019).

Christie’s Private Sales offers a seamless service for buying and selling art, jewellery and watches outside of the auction calendar, working exclusively with Christie’s specialists at a client’s individual pace.

Recent innovations at Christie’s include the groundbreaking sale of the first NFT for a digital work of art ever offered at a major auction house (Beeple’s Everydays, March 2021), with the unprecedented acceptance of cryptocurrency as a means of payment. As an industry leader in digital innovation, Christie’s also continues to pioneer new technologies that are redefining the business of art, including the creation of viewing and bidding experiences that integrate augmented reality, global livestreaming, buy-now channels, and hybrid sales formats. 

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