On Friday the 17th, I have visited one of the most famous of auction houses – Sotheby’s.
I went on Italian Sale evening auction, in which there were presented 49 works of Italian artists(Lucio Fontana,Enrico Castellani, Piero Manzoni, and others) who participated in the ZERO art movement during 1957(the response to post Second War conditions.). Some of the works were from Giobatta Meneguzzo collection. It was the biggest and greatest sale ever of 20th century Italian Art.
“THEY ENVISAGED ZERO AS A NEW TRAJECTORY FOR ART WITHIN A NEW AGE OF OPTIMISM AND MODERNITY CHARACTERISED BY TECHNOLOGICAL INNOVATION AND SPACE EXPLORATION.”
The interesting thing to note that most works were in white color, and the auction itself celebrated white color. For me, as an artist it was an amazing experience, to see with my own eyes, how prices for art are getting created, and how collectors are getting into some sort of ‘play’, by rising the estimates for the sale.
This auction was run by Oliver Barker, the Deputy Chairman, Europe and Senior International Specialist, Contemporary Art. He was the one, who got Damien Hirst Pharmacy into Sotheby’s, and he is the one who helps to maintain that adrenaline feeling of auction and agitate among collectors, which makes them rise their bids, and make sale records.
The sale total for that evening was 41.4 million. The record for the artist at action was made for Enrico Castellani. His piece, ‘Superficie Bianca’,1967, was sold to a European private collector for £3,778,500. And the biggest sale of the piece on auction was Piero Manzoni’s, Achrome, (1958-59), which was sold for £12,626,500 to European Private.
It was just amazing and inspiring!
Watch the video to get a feeling of an auction and agiotage it brought to the global art market, and some insights:
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