Lucio Fontana, Concetto Spaziale, Attese (1960)

Phillips de Pury & Company held the last of the Contemporary Art Evening Sales for this week in London on Thursday, bringing in a total of £5,695,550, just under their low estimate of £5,985,000. It is quite possible that they would have hit well above their high estimate had Robert Indiana‘s infamous LOVE sculpture not been pulled from the auction before it started, as it was estimated to bring in between £800,000–£1,200,000. The top seller from the auction was Lucio Fontana‘s Concetto Spaziale, Attese, which sold for the hammer price of £900,000—at the low end of the £1–£1.5 million estimate. The work was once owned by Andy Warhol, and is a quintessential example of the Spazialismo movement that Fontana founded, a movement that was among the first to emphasize the importance of performance as art.

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