The December Modern and Contemporary Art sale closed with a sale exceeding 7 million Euros turnover. "An exceptional result and a counter-trend if compared to the difficulty that the market is going through on an international level," says Freddy Battino, director of the department.
Vast participation in the room and on the phones, a record number of online bidders, and more than 70% of bids from abroad from countries such as Brazil, Canada, Romania, China, Japan, Germany, Switzerland, France, Spain, Portugal, The United Kingdom, Austria.
Top lots of the auction: the ceramics of Lucio Fontana - Madonna con Bambino (lot 95 | € 512.500) and Crocefisso (lot 78 | € 475.000) - which fetched the best results ever; Hans Hartung's oil on canvas T1955-16 of 1955 sold for € 350,000 (lot 56), Maria Helena Vieira Da Silva with La Plaine - Bords de la Tamise, 1954 (lot 59 | for € 212.500), March 60 (cub) by Ben Nicholson (lot 46 | for € 200,000), Noir et Blanc by Karel Appel (lot 36 | € 106.250) and the world record price for Kenjiro Azuma's sculpture Mu 1966 which fetched 72,500 euros (lot 61).
In a month full of international appointments with about 30 auctions, the strategic key to success was the choice of having exclusive names such as Vieira Da Silva, Max Bill and Azuma and a catalogue of works coming from private conferrers only, selected at the expense of other over-inflated names.
Excellent results also for Lynn Chadwick's Second Girl Sitting on Bench sold for € 200,000 (lot 47), Piero Dorazio with Mirino Verde (lot 65 | € 112.500), Mario Cavaglieri with La méche bianca (lot 2 | € 72.500) and Man Ray with Marchand des couleurs (lot 26 | € 77.500).
A record year with a 15.4 million Euro turnover for the department of Modern and Contemporary Art which has reached memorable results in only ten years and confirms its credibility and authoritativeness in Italy and overseas.
"[...] Il Ponte, the company that dictates with the greatest determination the guideline of modern and contemporary art, placing itself in Italy as the most formidable competitor of Christie's and Sotheby's. From this department it gained 15.4 million euros, 30% more than last year, almost half of its turnover amounting to 32.3 million euros, (+ 5%) [...].”
Milano Finanza online | 11 January 2020
"[...] Modern and contemporary art, the absolute leader, alone it sold for 15.4 million, 30% more than last year. The Top lots were seven ceramics by Lucio Fontana, which obtained a total of 2.2 million euros [...]."
L'Economia - Corriere della Sera | 30 December 2019
"A triumph at Il Ponte auction house (Milan) for the December 2019 modern and contemporary art sale. Memorable, world-class results.”
Il Giornale | 15 December 2019