Record for Agostino Bonalumi at Christie’s Milan – April 2 and 3, 2014

Lucio Fontana

Lucio Fontana

Christie’s confirms the great interest for Italian postwar art at this time with excellent results for the auction on 2-3 April in Milan. At Palazzo Clerici in fact, the sale totaled € 9.7 million that exceeded pre-auction estimates, with 87% of lots sold.
To be underlined the record for Agostino Bonalumi, who died last fall, with a work from 1969 titled Blue, which from an estimate of €70-100.000 exceeded € 400,000 , while Red of 1965 crushed the estimate of 100 -130.000 rising at 278,000.
Top lot of the evening Concetto Spaziale by Lucio Fontana, sold at €1.6 million, followed by Superficie Bianca by Enrico Castellani, 1967, that from an estimate of € 300-500.000 has exceeded € 900,000. Also within the Spatialism, confirmed the growing interest in Turi Simeti , exhibited both in Europe and in New York last year, bringing its results to double the estimates.
It remained within estimates the most important work among those proposed in the auction from the series Muffe by Alberto Burri, sold at €631.200, while the work of  1951, an oil and pumice on canvas, was sold at € 480,000.
The Achrome by Piero Manzoni in 1960 was sold over 400,000 (estimate € 120-180000 ), one of the rare examples of polystyrene and
inorganic phosphorus which makes the work glow in the dark shades of green .
Also good results for Arte Povera with Giulio Paolini, with Antologia sold at 114,600 from an estimate of 40-60000, and Pendant that more than doubling the high estimate arrived at 79.320. Il Nudo Spettatore by Luciano Fabro found buyers for 43.443 against an estimate of € 60-90000.

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