When Bronze is worth more than Gold

thu 27 September 2012

Quando il bronzo vale più dell’oro
Quando il bronzo vale più dell’oro
Quando il bronzo vale più dell’oro
Quando il bronzo vale più dell’oro
Quando il bronzo vale più dell’oro
Quando il bronzo vale più dell’oro
For sure, 2012 will not be remembered as the golden year of the Italian art market. Too many negative events happened to even think of a semester of growth with respect to last year. Fine arts are said to be in crisis; furnishings and paintings are the sectors which suffered the most, affecting of course the revenues.
Auction houses sell less for lower prices; the sales of Cambi Casa d’Aste are around 40%, in a slight decrease, as are the global revenues.
However, we had ten relevant auctions, with over 1.750 lots sold for a total of 4,500,000 euros.
Good results were achieved also by the novelty of the season, the OnLine auctions, monthly sales with no catalogue carried out through our website, with 576 lots sold for a global revenue of more than 140,000 euros.
Despite the general crisis, some sectors seem not to be affected, and these are with no doubt those considered as the most interesting by the international market.
First of all, Oriental Art, in particular Chinese, always more sought-after. A clear example is the auction held last June, which realized not only more than 200% of sold on the value, but also an important record with 597,000 euros: the highest price ever to be paid in Italy for an Oriental art object sold during an auction. A curiosity: the gilt bronze Begtse – top lot – weights 15 kg. If it had been made of 18 carats gold, its value would have been 460,000 euros.
Other than from the East, encouraging signals come also from the Jewels department. In the first semester of the year, the department increased its revenues by 40% with respect to the previous year thanks to important sales, especially for high caliber diamonds (67,000 and 110,000 euros for the top lot), but also for quality jewels, as for the 32,200 euros paid for a beautiful platinum brooch with diamonds pavè and two Burma rubies.
Among the furnishings, it is worth mentioning a Genoese Louis 15th gilt mirror (36,000 euros) and a Louis 16th chinoiserie lacquered trumeau (28,500 euros).
As for Ancient Paintings, the canvas Suicide of Lucretia ascribed to Guido Cagnacci was sold for more than 22,000 euros; for the 19th and 20th-century paintings, a small work by Plinio Nomellini reached 21,000 euros, while for Modern and Contemporary Art, an everted canvas by Agostino Bonalumi was sold for 26,000 euros, and the total amount gained during the auction realized 47% more than the same period of 2011.
The top lot of the Sculpture auction was a Gothic Tuscan marble Madonna sold for 17,300 euros, while during the 20th century art auction the trophy for the best sale is disputed by a wonderful porcelain triumph by Gio Ponti, realized for the Italian Embassies abroad,  and a rare inlaid bench by Eugenio Quarti that, for its importance, will enrich the collection of Modern and Contemporary Art Gallery in Rome.
Good results were obtained also by the Ancient Carpets department, whose catalogue confirms the positive trend of the 2011 sales.