Carol Rama, a market revelation
Art Market | Italian painter Carol Rama, who passed away in 2015 at the age of 97, has recently captured the international market’s attention. In march 2017, two of the artist’s pieces achieved sales records at Christie’s and Sotheby’s, while her work has been gaining visibility through several major exhibitions.
A recognized artist in Italy, Carol Rama participated in the 45th Venice Biennale in 1993 and received a coveted Golden Lion in the 50th edition, in 2010. Although her work does not belong to any particular current or movement, it explores new materials and shapes, being part of a new contemporary perspective.
The market’s interest has been sudden and unprecedented. In the 1992-2015 period, of 107 lots at auction, 3 were sold for an amount around 40,000 and 50,000 euros (3%) and 10 were sold for around 10,000 and 30,000 euros (9%). However, a radical shift took place in 2016 and 2017, when 27 lots out of 32 were sold for a total amount of $1,3 million. In 2017, two artworks were auctioned reaching an amount that doubled their respective high estimates : Bricolage (1967) was sold at Christie’s London for 213,480,65 euros (estimates : 69,236,97 / 92,315,96 euros), while at Sotheby’s London, the work Arcadia (1975) reached 272,737,15 euros (estimates : 80,640,34 / 115,200,49 euros). Nowadays, 139 lots have been auctioned for an amount superior to $1,7 million.
Parallel to this recent upward trend in the market, the exhibition The passion according to Carol Rama, which was inaugurated in 2014 at the MACBA in Barcelona, has also been shown at the Musée d’Art Moderne de la ville de Paris (2015), at the Espoo Museum of Modern Art in Finland, at the IMMA in Ireland (2016) and at the Galleria Civica d’Arte Moderna e Contemporanea in Turin (2017).
In 2017, two monographic exhibitions are to be presented : Antibodies at the New Museum in New York and Carol Rama : Spazio anche più che tempo at the Palazzo Ca’nova in Venice during the Biennale.
The current enthusiasm towards Rama’s work can be traced back to the creation of an archive in 2010, managed by lawyer Michele Carpano (the artist has been under his tutelage since 2006). Today the promotion and sale of Rama’s artworks are managed by the primary market gallery Isabella Bortolozzi.
Publié le 29/03/2017
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