In October, selected artworks from the UniCredit Group were offered as part of Frieze Week at Christie’s in London. They included standout pieces by Gerhard Richter, Yves Klein, Ernst Wilhelm Nay, Andreas Gursky, Enrico Castellani, Sam Francis and Nam June Paik, among others. Further works will be offered in auctions in 2019 and 2020, beginning with Christie’s Post-War and Contemporary Art Sales in Amsterdam on 25-26 November.
Highlights from the UniCredit Group
The Post-War and Contemporary Art auction in Amsterdam features more than 100 pieces from the UniCredit Group. Primarily by Austrian and German artists, they include Gerhard Richter’s 16.3.89 (above) from 1989, and Stand by Me (1993) by German artist Imi Knoebel (below).
A student of Joseph Beuys in the 1960s, Knoebel absorbed the teachings of Mondrian, Malevich and László Moholy-Nagy, and explored the possibilities of colour, form and material in his geometric abstractions.
Further highlights include Franz West’s mixed-media work Untitled (1972-73) and Austrian artist Kiki Kogelnik’s Superserpent (1974), below. Transcending the movements of European abstract modernism and American Pop art, Kogelnik developed an innovative oeuvre that addressed post-war consumer society, technology and feminism.
October’s selection from the UniCredit Group was led by Gerhard Richter’s Abstraktes Bild, dating to 1984, a pivotal year in the artist’s career. The work, which was offered in the Post-War and Contemporary Art Evening Auction on 4 October, sold for £7,016,250.
Other notable highlights included Yves Klein’s Sculpture-éponge bleue sans titre, (SE 244), one of the artist’s pioneering sponge sculptures from 1959, which realised £1,571,250; and Richter’s Wiese (Meadow) (1983), an exquisite example of his celebrated photo-realist German landscapes from the 1980s which sold for £3,371,250.
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Proceeds from the sales will support the further roll-out of the group’s Social Impact Banking (SIB) initiatives. The remaining balance will be dedicated to other relevant projects, including the support of young artists.
Social Impact Banking is part of UniCredit’s commitment to building a fairer and more inclusive society, and seeks to identify, finance and promote people and companies that can have a positive social impact.
As well as continuing to provide credit to projects and organisations not usually served by the traditional banking sector, UniCredit employees educate micro-entrepreneurs, social enterprises and vulnerable or disadvantaged groups, building valuable networks within our communities.