Important results at Sotheby’s Milan in spite of the proximity to the Italian art auctions in London, bringing home a good total with the auction evening of 26 November, with a percentage of sales not seen for some years. Last night, in fact, only 11 of 56 lots have not found a buyer, for a total of EUR 7.7 million and a percentage of sales by value of 92.2%.
Record with a monochrome of 1960 for Mario Schifano, Palo Alto, which doubled the estimate sold at 421.500 euro, as well as for Mario Ceroli, which was not in the top ten, but reached 87,900 Euros with a work of 1964 , YES + NO. Bonalumi achieved his best result for a work of the ’80s, with Grey, doubling the high estimate at 133,500 Euros.
Raphaelle Blanga commented the evening session stating that “the hall – packed – has fought to phones, for the duration of the session, most of the works with great determination and that has not happened for a few seasons here in Milan: it is a signal strong positivity for the art market in Italy and a credit for Sotheby’s who believed, the only international auction house operating in our country in this semester 2013. Finally I would like to note that 67% of the works have been sold far exceeded the maximum estimate. ”
Fontana stays in the second and third position of the top ten, which doubled the estimates with the gash on white canvas of 1965, sold at 793 500, as well as the king of the top ten Castellani, who has exceeded all expectations with a result of € 901.500 .
Enrico Castellani‘s orange painting of1963, estimated € 130-180000, reached 433.500 EUR, while the ceramic of Fontana confirms the renewed interest of collectors, from the sculpture in the shape of egg from an estimate of 50-70000 arrived to 127,500 Euros, the 1936 Horse sold for 163,500 Euros, up to the fireplace of 1948 that has doubled the estimate and was sold at EUR 211 500.
Dadamaino confirms the renewed interest in its market, bringing home good results both in the evening session that afternoon, starting from the estimates contained. Very good also for Paolini, Calzolari e Boetti, while the two small Achrome of Manzoni did not find a buyer.
At the afternoon session of November 27, 31 of 102 lots went unsold, where the protagonist remained Spatialism movement with Fontana and Bonalumi, to which was added Turi Simeti.
Among the international names, Kenneth Noland and Yayoi Kusama stand out with results well above estimates; very well for a small Jesus Rafael Soto and Shozo Shimamoto.