Lucio Fontana painting to star in South African sale

A painting by spacialist Lucio Fontana (1899-1968) is to star in a South African auction.

The work, a rare nude study, is expected to make $23,853-31,804 at Russell Kaplan Auctioneers in Johannesburg on August 1.

Lucio Fontana Africa
Lucio Fontana was the founder of the specialist movement

Auctioneer Russell Kaplan explains: "We see that art pieces such as this retain their value in foreign currency. There is demand for this artist in Europe, and consequently works such as this are being bought as a rand hedge investment."

Fontana's work is growing steadily in value, with a new $1.4m record set for his work in 2014.

Please sign up to our free newsletter to receive exciting news about art and photography auctions.

Featured products

Elvis Presley Authentic Strand of Hair
Elvis Presley Authentic Strand of Hair
Sale price£399
In stock
Fidel Castro signed certificateFidel Castro Signed Certificate
Fidel Castro signed certificate
Sale price£2,995
In stock
King Henry VIII Autographed DocumentKing Henry VIII Autographed Document
King Henry VIII Autographed Document
Sale price£65,000
In stock