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Lot 144 ART FOR FUTURE - SELECTED WORKS FROM THE UNICREDIT GROUP
Christie’s is delighted to have been appointed by UniCredit to manage the sale of a selection 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. UniCredit will also look to replace the masterpieces sold with works of young and emerging artists.
Following the excellent results of a selection of artworks already presented at various Christie’s international salerooms in 2019, 2020 started with sales of Impressionist and Modern art in February and continues with selected pieces by Frank Stella in the Prints and Multiples auction.
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 was rolled out to additional UniCredit core countries last year, including: Germany, Austria, Serbia, Croatia, Hungary, Bulgaria, Romania, the Czech Republic and Slovakia, and Bosnia and Herzegovina.
UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.
Christie’s is delighted to have been appointed by UniCredit to manage the sale of a selection 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. UniCredit will also look to replace the masterpieces sold with works of young and emerging artists.
Following the excellent results of a selection of artworks already presented at various Christie’s international salerooms in 2019, 2020 started with sales of Impressionist and Modern art in February and continues with selected pieces by Frank Stella in the Prints and Multiples auction.
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 was rolled out to additional UniCredit core countries last year, including: Germany, Austria, Serbia, Croatia, Hungary, Bulgaria, Romania, the Czech Republic and Slovakia, and Bosnia and Herzegovina.
UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.
FRANK STELLA (B. 1936)
The Hyena, from: The Waves
Closed18 March 2020
Price Realised
GBP 10,625