Italian art convinces, international art surprises

Sotheby's and Il Ponte held Modern and Contemporary art auctions in Milan at the end of May, achieving strong results for Italian 20th-century icons and international art. Sotheby's sale on 28 May featured 93 lots, 80 of which were auction debuts, and closed at approximately €11.4 million with a 90% sell-through rate. Top lots included Lucio Fontana's 'Concetto Spaziale, Attese' (1968), which sold for €1.56 million, and works by Giorgio de Chirico, Emilio Vedova, and Alighiero Boetti that far exceeded their high estimates. International highlights included Robert Indiana's 'Decade Autoportrait' selling for €245,000 and Willis Baumeister's 'Moby Dick' setting a record for the artist in Italy.