20th/21st Century: Milan Online Sales, Part I and Part II Realise a Combined Total of €6,882,522/£5,928,098/$7,190,782
MILAN – The 20th/21st Century Milan Online Sales Part I and Part II achieved a combined total of €6,882,522/£5,928,098/$7,190,782, with strong sell through rates for both sales. The sales focused on the work of Italian and international post-war and contemporary artists and offered paintings, works on paper, sculptures, and photographs.
The 20th/21st Century Milan Online Sale Part I, had a sell through rate of 100% by value and there were 193 registered bidders, 24 new registrants and buyers from 16 different countries. A number of auction records and strong prices were also achieved across the sale.
There was a gold bracelet created by Lucio Fontana, entitled Concetto spaziale which achieved €239,400, a world auction record price for the artist with this medium. Alighiero Boetti’s embroidery work, Segno e disegno realised a price of €302,400 and achieved a world auction record for this artist’s series of embroidery.
A highlight of the Part I sale was Lucio Fontana’s Concetto Spaziale, [Attesa], which realised: €942,000, well above its low estimate of €800,000 (illustrated page 1 left).
The 20th/21st Century Milan Online Sale Part II was 100% sold by value, and 90% sold by lot and the sale welcomed 266 registered bidders, 34 new registrants and there were buyers from 18 different countries. There were also a number of strong prices achieved throughout the sale.
This was exemplified by Mario Sironi’s charcoal work, Ciclista c. 1920 realising more than 7 times its high estimate at €37,800. Another highlight was Pietro Consagra’s sculpture, Welcome to Italy (illustrated page 1 right) which achieved more than twice its high estimate at €63,000.
