Important results for theauction held last Oct. 21 in the halls of Casa d’Aste Arcadia in Corso Vittorio Emanuele II in Rome. The auction sale of 36 works belonging to the Charlemagne Foundation was held here, the proceeds of which will be entirely donated to the “Periferiacapitale” program, dedicated to the regeneration of the capital’s suburbs. The auction exceeded all expectations, with a result of 2,167,820 euros raised, equal to 270% of the minimum estimates, and the sale of all 36 lots in the catalog. An outcome that confirms how culture and collecting can become concrete tools of social transformation. The “Periferiacapitale” program acts as a laboratory for urban and social regeneration, supporting communities and initiatives that promote inclusion, participation and cohesion in Rome’s neighborhoods.
Among the top lots, Chaïm Soutine’s oil on canvas, La Femme du Cordonnier (1926-27), captured the attention of collectors, confirming itself as the central piece of the auction. The work, with a prestigious exhibition itinerary between Zurich, Turin and Paris, is supported by extensive bibliographic documentation and sold for the sum of 677,200 euros, triple the estimate of 200,000: it was the first time a painting by Modigliani’s friend was sold in Italy. Excellent results also for Pierre-Auguste Renoir, whose Jeune Femme au Corsage Rouge et au Chapeau Jaune (1920) sold for 162,700 euros, and for Pierre Bonnard, whose La Seine à Vernon (1930) fetched 384,400 euros. Among other significant results, Édouard Vuillard’s La Jupe noire (1903) fetched 110,200 euros and Kees Van Dongen’s Place Pigalle-Halle aux Vins (1902) fetched 95,200 euros.
The collection, put up for auction by Arcadia, included internationally prominent artists such as Maurice Utrillo with Rue Norvis à Montmartre, Max Ernst with Tableau Ivre, Paul Signac, Pablo Picasso, Édouard Vuillard, Eugène-Louis Boudin, Pierre-Albert Marquet, and Katsushika Hokusai. For lovers of ancient art, the catalog held additional surprises with Francesco Fieravino known as the Maltese, Peter Hardimé, Cornelis van Poelenburgh and a view of Venice attributed to Francesco Guardi.
“An event in which collecting meets solidarity, and beauty becomes an opportunity for rebirth for the suburbs,” said Massimo Tagliatesta, director of Arcadia. Stefania Mancini, president of the Charlemagne Foundation, added that the collaboration with Arcadia makes it possible to transform a legacy of beauty into living energy for the city, supporting paths of urban and social regeneration that arise from the suburbs, with a vision of a more cohesive, supportive and inclusive Rome.
The “Periferiacapitale” program enhances local communities, promoting listening and respect for territories too often told in negative terms. Over the past five years, it has supported more than 100 territorial realities in all the city’s municipalities, encouraging active participation, mutualism and social justice. The project aims to build shared processes of change between institutions, universities, social organizations and local communities, transforming suburban neighborhoods into inclusive and living spaces.
The combination of artworks of high historical and aesthetic value with a social inclusion project demonstrates how beauty can be transformed into concrete action. Each lot purchased not only represents the story of an artist, but also helps support regeneration initiatives, strengthening community ties and stimulating active citizen participation. Arcadia’s solidarity auction raised more than 2 million euros for the suburbs of Rome, transforming a collection of international masterpieces into concrete energy for the city. Art, history and solidarity come together in an initiative that testifies how cultural heritage can become a lever for social development, community cohesion and the enhancement of suburbs.
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| Solidarity auction in Rome: Arcadia raises over 2 million euros. A Soutine sold for over 600,000 |
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