The Italian art of the XX century is in demand, despite crisis
ARTinvestment.RU   22 октября 2008

Results auction Sotheby's, on the Italian art of the XX century

On the background of failures come at last week's leading auction houses , the outcome auction Sotheby's «The Italian art of XX century», held on 20 October in London , charges with optimism. It sold 88.5 percent of lots for a total amount of 13.58 million pounds, which is within the boundaries of estimeyta: 11,9-16,5 million pounds. This result has been to the auction house the second largest ever conducted auctions in this category, by the way, results in the second section of modern art has been updated, too, this week - 17 October.

The most expensive lot was the «spatial concept form» Luchio Fountains (Lucio Fontana), which inherited a buyer for 1.05 million pounds, with estimeyte to 0,8-1,2 million pounds. The price was a record for sculpture of the author. Another work of Fountains - painting «Spatial Concept, Waiting», sold over 847 650 pounds - was in second place. This position she shared with the metaphysical work of Giorgio de Chirico (Giorgio de Chirico), sold for the same amount. One of the classic still life by Giorgio Morandi (Giorgio Morandi) went under the hammer for 657 thousand pounds.

At the last auction price records were set for works by four contemporary Italian artists - Konsagra Pietro (Pietro Consagra), Giuseppe Kapogrossi (Giuseppe Capogrossi), Michelangelo Pistoletto (Michelangelo Pistoletto) and Arnaldo Pomodoro (Arnaldo Pomodoro).

It should also be noted that 52.2 per cent exhibited works were sold within estimeyta, and the amount paid for 41.3 percent of lots exceeded the upper figures preliminary expert assessments.

Source: sothebys.com , artinvestment.ru