Francesco Clemente

Palladium Urobouros

Found at Sothebys, Milan
Contemporary Curated Milan, Lot 51
6. Jul - 13. Jul 2021
Estimate: 15.000 - 20.000 EUR
Price realised: 22.680 EUR
Lot sold to benefit the Covid emergency activity, intervention project and related volunteers training of the Croce Rosa e Celeste Milan
Francesco Clemente
b. 1952
Palladium Urobouros
signed, titled and dated 1985 on the reverse
tempera calda on plaster
‡ This item has been imported under a temporary customs license
(firmato, intitolato e datato 1985 sul retro
tempera calda su intonaco ‡ Il lotto è in temporanea importazione doganale)
Palladium Night Club, New York | Luca Marenzi Collection, London | Acquired from the above by the present owner (Ivi acquistato dall'attuale proprietario)

Upper estimated price slightly exceeded

In July 2021 Sothebys in Milan held the auction Contemporary Curated Milan, which included the work Palladium Urobouros by Francesco Clemente. Here, the upper estimate of EUR 20,000.00 was slightly exceeded - the artwork found a new owner for EUR 22,680.00. Of course, this price has nothing to do with the top prices that other works by Francesco Clemente achieve. The highest price we have observed so far was reached by the work The Fourteen Stations, No. XI in May last year with an auction result of USD 1,860,000.00 (€ 1,733,296.06).

Oberer Schätzpreis leicht übertroffen

Im Juli 2021 führte Sothebys in Mailand die Auktion Contemporary Curated Milan durch, in der auch die Arbeit Palladium Urobouros von Francesco Clemente zur Versteigerung kam. Dabei wurde der obere Schätzpreis von EUR 20.000,00 leicht übertroffen – das Kunstwerk fand für EUR 22.680,00 einen neuen Besitzer. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Francesco Clemente erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit The Fourteen Stations, No. XI im Mai letzten Jahres mit einem Auktionsergebnis von USD 1.860.000,00 (€ 1.733.296,06).

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