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Art for Future | Selected Works from the UniCredit Group

UniCredit appoints Christie’s to manage the sale of artworks in support of Social Impact Banking


WEBWIRE
Gerhard Richter (B. 1932), Abstraktes Bild, 1984
Gerhard Richter (B. 1932), Abstraktes Bild, 1984
  • Follows UniCredit’s announcement in February 2019 on the further roll-out of Social Impact Banking in 10 additional group markets
  • First auctions to take place on 4 and 5 October 2019 in London

UniCredit has appointed Christie’s to manage the sale of artworks from Austria, Germany and Italy. The proceeds will be primarily used to 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.

The artworks will be offered at various Christie’s international salerooms across a range of marquee week sales in 2019 and 2020, with the first pieces being auctioned in London on 4 and 5 October as part of the Post-War & Contemporary Evening and Day Auctions alongside Thinking Italian, taking place during Frieze Week. The selection will include works by Gerhard Richter, Yves Klein, Ernst Wilhelm Nay, Enrico Castellani, Sam Francis, Andreas Gursky and Nam June Paik among others. Further details of these lots can be found here. Information regarding works being offered in future auctions will be announced in due course.

Social Impact Banking is part of UniCredit’s commitment to building a fairer and more inclusive society. It aims 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. SIB also focuses on monitoring and measuring outcomes, essential for sustainable growth. It is currently being rolled out in 10 additional UniCredit markets, including: Germany, Austria, Serbia, Croatia, Hungary, Bulgaria, Romania, Turkey, the Czech Republic and Slovakia, and Bosnia and Herzegovina.

About Christie’s

Christie’s, the world’s leading art business, had auction sales in the first half of 2019 that totalled £2.2 billion / $2.8 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie’s also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Alongside regular sales online, Christie’s has a global presence in 46 countries, with 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.


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