The death of Amedeo Modigliani and of his devoted partner Jeanne Hebuterne starts one of the most emblematic stories of the Art Market, which will lead the works of the unfortunate Tuscan artist to be subject of an โexceptional enterprise of economic revaluationโ.
The acme of the speculative operation has been reached with the auction award for 170,405,000 US dollars of the “Red Nude”, which previously belonged to Gualino Collection and to Feroldi Collection and then in 1950 was acquired by the art collector Gianni Mattioli thanks to the interest of his cousin, Fernanda Wittgens, the then Director of the Pinacoteca di Brera.
The valorization of Modigliani’s Work thus began in the โ50s on both sides of the Atlantic Ocean: in Europe activities revolved around โIl Milione Galleryโ in Milan and in Americaย around Museum of Modern Art in New York.



