The 6th consecutive Milan Modern and Contemporary art auction has achieved a strong total result of €14,693,500 / £12,809,793 / $18,162,635, selling 91% by lot and 97% by value. Six new auction records for Osvaldo Licini (lot 8), Leoncillo (lot 18), Antonio Donghi (lot 29), Piero Dorazio (lot 32), Fausto Pirandello (lot 43), and Claudio Parmiggiani (lot 56) were set.

A fine selection of figurative Italian art was very well received, as demonstrated by Umberto Boccioni’s Ritratto di giovane, dated 1905/06, which has fetched €379,500. All three private collections on offer have performed extremely well: the Sergio Tomasinelli collection (lots 6-9) from Turin sold for €1,536,250 and was highlighted by Salvatore Scarpitta’s Ammiraglio painted in 1958 which realised for EUR 1,015,000. Two of the top ten lots of the auction, were consigned from an important Milanese private collection (lots 20-23), led a 1966 Lucio Fontana’s Concetto Spaziale which sold for EUR 991,500, while a private collection from Vincenza (lots 30 and 36) also achieved strong results.

Piero Manzoni, Achrome, 1958 sold for EUR 2,970,000

“Our tailor-made approach to respond to the ever-growing international as well as national appetite for the best of Italian Art has paid off. With 200 collectors gathering at Palazzo Clerici and many more on the telephones and via the internet, Christie’s Milan sale has showed the strong appeal of Italian Art in the current market. The top 3 private collections on offer performed very well, as further demonstrated by great works sourced privately achieving high prices throughout the sale”, commented Renato Pennisi, Director and Senior Specialist, Head of the Milan sale.

Mariolina Bassetti, Chairman, Italy and International Director, Post War & Contemporary Art, added: “On Christie’s 60th anniversary in Italy, the quality of Italian art promoted on an international stage has triumphed once again. The carefully selected works on offer totalled €14.6 million, selling 97% by value. Christie’s strategy of holding one high-quality auction per year in Italy has been widely rewarded. We are now looking forward to the sales of the Collection of Peggy and David Rockefeller to be presented in New York next month, the proceeds of which will be entirely donated to charity.”