Lucio Fontana's Concetto Spaziale up 13% on estimate

paulfrasercollectibles

2015-06-26 13:28:47

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Lucio Fontana's Concetto Spaziale up 13% on estimate

Lucio Fonatana's Concetto Spaziale sells for $2.5m at Sotheby's London

Concetto Spaziale (1960) by Lucio Fontana has taken 1.6m ($2.5m) at Sotheby's20th Century Italian Art auction in London.

TheOctober 17 sale saw the work achievean increase of 13% over its 1m-1.4m ($1.6m-2.2m) estimate.

The painting features thick yellow oil paint studded with slashes and stabs, and is a prime example of the work of the spacialist movement - which sought to transcend art by breaking through to the space beyond the canvas.

Fontana Concetto SpazialeConcetto Spazialehas been exhibited widely in Europe and the US

Works by the groundbreaking Italian artist have achieved impressive figures in the past. Concetto Spaziale, Le Chiese de Vienna made $6.8m at Sotheby's earlier this year.

Marino Marini's L'Idea De Cavalier (1955) was another high performing lot, hammering for 962,500 ($1.5m) -in the middle of its 800,000-1.2m ($1.2m-1.9m) estimate.

Marini Cavalier Sotheby's Marini's L'Idea De Cavalieris one of an edition of nine

Ancient statues of horses and riders were the inspiration for the work. Marini was obsessed with making the subject matter applicable to the 20th century - leading him to create a series of highly abstract figures frozen in fear, seemingly about to be thrown from their mounts, that mirror the tension of the cold war.

Alberto Burri's Bianco-Rosso (T T X) (1954) made a 42% increase on its 400,000-600,000 ($639,680-959,520) estimate, achieving a figure of 854,500 ($1.3m).

Burri was an artist who incorporated industrial materials like plastic, wood and concrete into his paintings.

Along with Fontana he is commonly associated with the arte informale movement, a variant of abstraction that pushed the limits of painting and sculpture beyond traditional boundaries by placing an emphasis on method and material over the creation of rational forms.

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