Source: Sotheby's Milan / Ref: 059-MIL
The White
Absolute.
Asset Name
Concetto spaziale, Attese
Artist
Lucio Fontana
Year
1968 (Final Period)
Color
Bianco (White)
“Infinite... I have not destroyed the canvas, I have created a dimension.”
Market Stability
The Purity Index
White (Bianco) represents the core of Fontana's philosophy. Unlike colored canvases which fluctuate with trends, White remains the "Gold Standard" of Spatialism. It exhibits the highest volume liquidity and lowest volatility among all Post-War Italian assets.
CAGR (5Y)
+11.8%
Sharpe Ratio
2.1
Forensic Analysis
The Anatomy of White
White reveals everything. On a Bianco canvas, any imperfection—dust, craquelure, or yellowing—is instantly visible. This lot is technically flawless. The "Virgin White" state indicates it has been kept in a climate-controlled dark environment for decades.
Valuation & Arbitrage
01. The 1968 Premium
Executed in the final year of the artist's life. White canvases from 1968 are considered the "Zero Point" of modern art history.
02. The 'Bianco' Standard
White is the most traded color. While Red has peaks, White has volume. It is the USD of the Art Market—universally accepted.
03. The Opportunity
Milan vs Global Pricing Arbitrage.
- NY/London Comp$1.2M - $1.5M
- Milan Estimate€700k - €1M
- IMPLIED UPSIDE~25-30%
Provenance Chain
Marlborough Galleria d'Arte
Rome, Primary Market
Private Collection
Bologna (Acquired 1970s)
Current Owner