RESULTS:CHRISTIE'S ACHIEVES THE BEST RESULT FOR A MODERN & CONTEMPORARY ART SALE IN ITALY FROM 2008

Worldwide

Modern and Contemporary Art

Milan - 29 & 30 May 2012

Sale no. 1500 - Top Ten

[All prices include buyer’s premium]

Sold:

€ 9,643,000

£ 7,724,043

$ 12,044,107

Sold lots: 109

Lots offered: 127

Sold by lot: 86%

Sold by €: 91%

Exchange rates: €1 = £0.801 / $1.249

Lot

Description

 

Estimate (€)

 

Purchase

Price

Buyer

46

Alberto Burri, Plastica, 1962

AUCTION RECORD FOR THE ARTIST IN ITALY

800,000 - 1,200,000

€1,482,800£1,187,722$1,852,017

Private

48

Alberto Burri, Combustione E 2, 1960

600,000 - 800,000

€756,800£606,196$945,243

Private

36

Lucio Fontana, Concetto Spaziale, Attese, 1964-65

400,000 - 600,000

€693,800£555,733$866,556

Private

44

Giorgio de Chirico, Il Trovatore, 1939

400,000 - 600,000

€630,800£505,270$787,869

Private

9

Lucio Fontana, Concetto spaziale, 1967-68

250,000 - 350,000

€530,000£424,530$661,970

Anonymous

45

Lucio Fontana, Concetto spaziale, Attesa, 1965

350,000 - 500,000

€504,800£404,344$630,495

Private

54

Giorgio de Chirico, Piazza d'Italia, 1950s

350,000 - 500,000

€315,800£252,955$394,434

Private

2

Giuseppe Capogrossi, Superficie 668, 1968-69

130,000 - 180,000

€252,800£202,492$315,747

Anonymous

26

Lucio Fontana, Concetto spaziale, Attese, 1959

180,000 - 250,000

€227,600£182,307$284,272

Anonymous

43

Renato Guttuso, Uomo che mangia gli spaghetti, 1956

90,000 - 130,000

€145,700£116,705$181,979

Private

Renato Pennisi and Cristiano Giulio Sangiuliano, Co-Heads of Post-War & Contemporary Art, Christie's Italy, commented: “As a result of the meticulous selection of the works offered at Christie’s Milan auction of Modern and Contemporary Art, national and international buyers competed fiercely, generating high selling rates both by value and by lot. Alberto Burri led the sale, resulting in the highest price achieved by the artist at auction in Italy, while numerous works by Fontana, de Chirico and Capogrossi exceeded expectations, demonstrating a growing demand for the most exceptional paintings by Italian 20th century art”.

Contact:

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

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