MODERN AND CONTEMPORARY ART

The eagerly awaited Modern and Contemporary Art auction of Il Ponte Casa d'Aste closed with a total turnover of € 5,222,250, 166% increase on value, about 90% of lots sold and 4 records set.

The packed halls and the numerous telephone bids from around the world (China, Thailand, Japan, Russia, Sweden, Luxembourg, Hungary, South America and the United States, Belgium, Canada, Austria, England, France, Germany are just some of the countries where the participation was greatly felt) testify to the great interest aroused by the careful selection of the works in the catalogue.

Top lots of the sale: Pericle historic masterpiece by Giorgio de Chirico hammered down at € 587,500 (lot 78) and Cristo by Lucio Fontana at € 300,000 (lot 17).

Numerous significant awards, among which G.R. 359 by Mario De Luigi sold for € 50,000 (lot 35), the works of Antonio Calderara both for € 50,000 (lots 18 and 20) and a Natura Morta by Renato Paresce (lot 14) sold for € 42,500.

Alongside numerous artist records. Piero Manzoni is again the star with the record for Linea sold for € 137,500 (lot 45), followed by Mino Rosso who, with the bronze Elementi in Volo (lot 13), realized € 50,000, setting his best result for futurist sculpture and Tullio Pericoli with Orogenesi (lot 228,) sold for € 11,250. Carmelo Cappello, however, equaled his best result with L'uomo nello spazio (lot 104) sold for € 37,500.

"The excellent results achieved are the confirmation that the strategy adopted is once again the winning one. The quality of the works in the catalogue has been rewarded and with it, the sensitivity that the market, at a national and international level, is showing towards artists too long forgotten and the uncommon works of remarkable masters", commented the Director of department Freddy Battino.

"Il Ponte is reconfirmed as the star of the Italian art market in 2018. During the first semester already the Auction house (Milanese d'origine contrôlée) had won the gold medal and at the end of the year it maintains the podium with a second semester to spotlighted. The year closes, as a matter of fact, with 30.8 million Euro turnover and an increase of 20 percent over 2017"

L'Economia del Corriere della Sera | 31 December 2018

"(...)The best performance were recorded only where the catalogues were the result of a rigid selection (...) One example for all, in the Italian reality: the Milanese auction house Il Ponte with its mid-December closed 2018 realizing its record with about 12 million Euro turnover, no less than 11 artist records, and a sale rate of 90% of total lots and 190% increase in value: making it today the first Italian auction house for the modern and contemporary art department"

Collezione da Tiffany, 8 January 2019

"Ponte leader of the Italian auction houses (...) 12 million Euros from the department of Modern and Contemporary art (90% lots sold) was able to beat the duopoly of Sotheby's and Christie's"

Milano Finanza | 12 January 2019

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