by James Tarmy
When a work by Lucio Fontana sold at Christie's New York last month for $29.2 million, it was the highest price the artist had ever achieved at auction. The giant, canary-yellow canvas was the latest in a string of broken records: Five of Fontana's top 10 auction sales of all time were in 2015, according to Artnet.
In one respect, Fontana's rise should surprise few familiar with the art world. Twentieth century Italian art, which includes the recently wildly popular postwar Arte Povera movement, has been on a boom for close to a decade.
Source: http://www.bloomberg.com/
