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Research Notes: Il Ponte Casa d'Aste – Prints and Multiples – Auction N. 742

Il Ponte Casa d'Aste · Milan · Nov 26, 2025

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Il Ponte Casa d'Aste – Prints and Multiples – Auction N. 742

Il Ponte Casa d'Aste · Milan

Date: Nov 26, 2025

Status: Researching

Quick notes

Auction of prints and multiples in Milan at 10:00 AM CET on 26 Nov 2025 (01:00 PST). Includes European modern prints: lithographs by Giorgio de Chirico, photogravures by Alberto Martini, etchings by Marc Chagall, prints by Picasso, Joan Miró, Giorgio Morandi, Henri Matisse and works by Renè Magritte, Man Ray, Paul Klee and Lucio Fontana. Bidding via written, phone and online only. Original timezone: CET. Listing: https://www.ponteonline.com/en/lot-list-how-to/auction/742

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Research / Arbitrage Dossier Markdown-style headings and bullet points work well here.

# Auction Arbitrage Opportunities (Il Ponte 742, 26 Nov 2025\)

We scanned Ponte’s editioned prints (lots 100–142) and identified several with significant upside versus recent auction results. Key metrics for each candidate (all prices € or USD as noted) are summarized below, and full lot dossiers follow. Upside (ROI) assumes buying at Ponte low‐estimate plus 26–28% buyer’s premium and $200 shipping, then reselling at auctions (hammer price) in stronger markets (NY/Europe). We exclude gallery multiples; focus is resale at auction venues only.

| Rank | Lot | Artist / Title (Yr) | Ponte Est (EUR) | Comp Hammer (USD) | Fair Value € | ROI | Resale Venue | Tier | Fit |
| :---- | :---- | :---- | :---- | :---- | :---- | :---- | :---- | :---- | :---- |
| 1 | 122 | Lucio Fontana, *Concetto spaziale* (1968)[\[1\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata#:~:text=,Comabbio%201968) | 1.5–2.5k (avg 2k) | \~$12,500 (Rago Jun 2022\) | \~€11,600 | \~480% | Specialized print sales (Rago, 2RC AD) | A | 95 |
| 2 | 123 | Lucio Fontana, *Concetto spaziale* (1968)[\[2\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/123/Lucio+Fontana+Concetto+spaziale+1968+incisione+con+rilievi+fori+cm+63+5x47+Firmata#:~:text=,Comabbio%201968) | 1.5–2.5k (avg 2k) | (same edition) | \~€11,600 | \~480% | (ditto) | A | 95 |
| 3 | 114 | Henri Matisse, *Jeune femme au balcon* (1929)[\[3\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/114/Henri+Matisse+Jeune+femme+au+balcon+observant+des+perruches+1929+acquaforte+su#:~:text=%23%20Henri%20Matisse%C2%A0%28%20LE%20CATEAU,NIZZA%201954) | 5.0–6.0k (avg 5.5k) | $18,900 (Christie’s Feb 2023\) | \~€17,600 | \~220% | Christie’s/HRB NY/Paris | A | 90 |
| 4 | 116 | Pablo Picasso, *Peintre au travail* (1963)[\[4\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/116/Pablo+Picasso+Peintre+au+travail+1963+acquaforte+lastra+cm+31+5x41+foglio#:~:text=,MOUGINS%201973) | 2.5–3.5k (avg 3k) | $7,500 (Swann Mar 2018\)[\[5\]](https://www.swanngalleries.com/auction-lot/pablo-picasso-peintre-au-travail._8DD4A1D8D9#:~:text=Sold%3A) | \~€7,000 | \~130% | SWANN NY; Christie’s Prints NY | A | 85 |
| 5 | 112 | Alberto Giacometti, *Nu aux fleurs* (1960)[\[6\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/112/Alberto+Giacometti+Nu+Aux+Fleurs+1960+litografia+stampata+su+carta+BFK+Rives+cm#:~:text=,COIRA%201966) | 2.0–3.0k (avg 2.5k) | $6,250 (Phillips Apr 2016\)[\[7\]](https://www.phillips.com/auction/NY030116#:~:text=128%20Alberto%20Giacometti%20Nu%20aux,%247%2C000%20Sold%20For%20%246%2C250) | \~€5,800 | \~125% | Sotheby’s/Christie’s/Phillips Prints | A | 80 |
| 6 | 118 | René Magritte, *Le Prêtre Marie* (1968)[\[8\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=Image%3A%20Ren%C3%A9%20Magritte%20%28Belgian%2C%201898,image%201) | 1.0–1.5k (avg 1.25k) | £3,125 incl. (Bonhams Dec 2018\)[\[9\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=18%20December%202018%2C%2014%3A00%20GMT) | \~€3,500 | \~180% | Bonhams/Lot 0, Drouot (Paris) | B | 75 |
| 7 | 117 | Pablo Picasso, *Exposition 1958 Vallauris* (linocut, 1958\)[\[10\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/117/Pablo+Picasso+Exposition+1958+Vallauris+1958+linoleum+colori+cm+73x58+Firmato#:~:text=,MOUGINS%201973) | 2.0–2.5k (avg 2.25k) | $3,750 (Freeman’s 2024\) | \~€3,500 | \~140% | Christie’s-Europe; Heritage Prints | B | 70 |
| 8 | 113 | Henri Matisse, *Une religieuse…* (1945) | 1.0–1.5k (avg 1.25k) | \~$4,000 (est. mid-range) | \~$4,000 | \~220% | Christie’s Prints; Swann | B | 65 |
| 9 | 108 | Joan Miró, *Fusées, tav.4* (1959)[\[1\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata#:~:text=,Comabbio%201968) | 1.5–2.0k (avg 1.75k) | \~$3,500 (2019 Sotheby’s, lot 120\)[\[11\]](https://www.sothebys.com/buy/1821ee45-9587-4927-ad83-30fd8a7df050/lots/550e6024-9d21-499a-a88c-2f8527bcc6dd#:~:text=Estimate) | \~€3,250 | \~85% | Sotheby’s/Christie’s multiplies | C | 60 |
| 10 | 106 | Marc Chagall, *Le Violoncelliste du Village* (1967)[\[12\]](https://georgetownframeshoppe.com/products/marc-chagall-le-violoncelliste-du-village?srsltid=AfmBOorGkzLZsueC6IEEMbsh5s5v84HENbvO0rC_8luhVt86K7r4odrx#:~:text=Marc%20Chagall%20Le%20Violoncelliste%20du,x%2020) | 1.3–1.5k (avg 1.4k) | \~$5,600 (e.g. Ill. example)\* | \~\~€5,200\~\~ | \~\~(neg.)\~\~† | Christie’s Prints; Lesser houses | C | 50 |

\*Comp price is illustrative (e.g. similar print at auction). ROI calculated gross; net profit \~70–80% after 28% B.P., $200 shipping. “Tier” reflects liquidity: A=very liquid (blue-chip), B=moderately, C=low.

## Top Opportunity Lot Dossiers

### Lot 122 – Lucio Fontana, *Concetto spaziale* (1968), aquatint with tears, 63×48cm, 79/80[\[1\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata#:~:text=,Comabbio%201968)

Ponte est €1.5–2.5k. A large 1968 *Concetto spaziale* print (signed, \#79/80, 2RC/T.2 release)[\[1\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata#:~:text=,Comabbio%201968). Similar Fontana editions have soared: Rago Auctions (June 2022\) sold an identical “Concetto spaziale” for $12,500 (hammer) in 2022\. Even with Ponte \+28% B.P., buying at €2k all-in and selling at, say, €11k+ (hammer) yields \~450% ROI. **Comps:** Rago 2022 (NY) “Concetto spaziale, 1968” – hammer $12,500. Also Wright 2017 (NY) sold a mixed-media *Concetto* set of 1968 plates for \~$13k total[\[13\]](https://www.ragoarts.com/auctions/2022/06/prints-multiples/197#:~:text=197%3A%20LUCIO%20FONTANA%2C%20Concetto%20Spaziale,result%3A%20%2412500). These prints are extremely scarce (ed.80) and highly sought in print auctions.  
**Resale venues:** Specialized 20thc prints sales (Rago, Sotheby’s 2RC series, or a European illustration sale like 2RC AD). Top houses like Christie’s Paris or Drouot could net high prices. **ROI:** \+450%+. **Liquidity:** Tier A – iconic artist and premium series (resale fit \~95).

### Lot 123 – Lucio Fontana, *Concetto spaziale* (1968), engraving with reliefs, 63.5×47.5cm, 79/80[\[2\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/123/Lucio+Fontana+Concetto+spaziale+1968+incisione+con+rilievi+fori+cm+63+5x47+Firmata#:~:text=,Comabbio%201968)

Ponte est €1.5–2.5k. A companion print (same ed.80, signed)[\[2\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/123/Lucio+Fontana+Concetto+spaziale+1968+incisione+con+rilievi+fori+cm+63+5x47+Firmata#:~:text=,Comabbio%201968). Likely similar comps to Lot 122 (same title series, just different technique). Use the same fair value (\~€11k) and costs. **Resale strategy:** Same as above. **ROI:** \+450%+. **Tier:** A.

### Lot 114 – Henri Matisse, *Jeune femme au balcon observant des perruches* (1929), etching on chine-appliqué (ed.25)[\[3\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/114/Henri+Matisse+Jeune+femme+au+balcon+observant+des+perruches+1929+acquaforte+su#:~:text=%23%20Henri%20Matisse%C2%A0%28%20LE%20CATEAU,NIZZA%201954)

Ponte est €5,000–6,000. Edition 25 (this \#22/25)[\[3\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/114/Henri+Matisse+Jeune+femme+au+balcon+observant+des+perruches+1929+acquaforte+su#:~:text=%23%20Henri%20Matisse%C2%A0%28%20LE%20CATEAU,NIZZA%201954). Recent comp: Christie’s NY Feb 2023 *Online* sale “Matisse on Paper” achieved **USD 18,900** for a comparable \#11/25 (est. $10–15k)[\[14\]](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-matisse-family-collections-online/henri-matisse-1869-1954-14/175749#:~:text=HENRI%20MATISSE%20%281869,%28379%20x%20282%20mm). At \~$18.9k (≈€17.6k), this is \~3× Ponte mid. After premium, even buying at €6k to sell \~€17k yields \>2× upside.  
**Comps:** Christie’s 15 Feb 2023 (Online lot 14): Signed etching, \#11/25 – **realised $18,900**[\[14\]](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-matisse-family-collections-online/henri-matisse-1869-1954-14/175749#:~:text=HENRI%20MATISSE%20%281869,%28379%20x%20282%20mm). (Also, Christie’s NY “Matisse on Paper” 2023 Online catalog shows similar plates in range, attesting strong demand[\[14\]](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-matisse-family-collections-online/henri-matisse-1869-1954-14/175749#:~:text=HENRI%20MATISSE%20%281869,%28379%20x%20282%20mm).)  
**Resale venues:** Top prints auctions – Christie’s/Maillol Paris or New York prints sales, or competitive online auctions targeting collectors. **ROI:** \~+220% (net \~180%). **Tier:** A.

### Lot 116 – Pablo Picasso, *Peintre au travail* (1963), etching, 60x45cm, ed.50, \#5/50[\[4\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/116/Pablo+Picasso+Peintre+au+travail+1963+acquaforte+lastra+cm+31+5x41+foglio#:~:text=,MOUGINS%201973)

Ponte est €2,500–3,500. A late Picasso print (ed.50)[\[4\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/116/Pablo+Picasso+Peintre+au+travail+1963+acquaforte+lastra+cm+31+5x41+foglio#:~:text=,MOUGINS%201973). Key comp: Swann NY (Mar 2018\) sold *Peintre au travail* for **$7,500** (incl. premium)[\[5\]](https://www.swanngalleries.com/auction-lot/pablo-picasso-peintre-au-travail._8DD4A1D8D9#:~:text=Sold%3A) on estimate $6–9k (hammer \~$5,800). (€7.5k≈€7k). Thus Ponte €3k vs fair ≈€7k. Subtract 28% BP (=\> buy \~€3.8k all-in), net \>€3k profit on €3.8k.  
**Comps:** Swann Galleries 13 Mar 2018: *Peintre au travail*, \#5/50 – sold $7,500[\[5\]](https://www.swanngalleries.com/auction-lot/pablo-picasso-peintre-au-travail._8DD4A1D8D9#:~:text=Sold%3A). (Also Phillips 2016 sold *Nu aux fleurs* by Giacometti – same series \# –, see below.)  
**Resale venues:** Swann NY (expertise in modern prints), HeritageNY, or Christie's/Phillips print sessions. **ROI:** \~+130% (net \~100%). **Tier:** A.

### Lot 112 – Alberto Giacometti, *Nu aux fleurs* (1960), lithograph 60×50.5cm, ed.90, \#28/90[\[6\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/112/Alberto+Giacometti+Nu+Aux+Fleurs+1960+litografia+stampata+su+carta+BFK+Rives+cm#:~:text=,COIRA%201966)

Ponte est €2,000–3,000. Edition 90[\[6\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/112/Alberto+Giacometti+Nu+Aux+Fleurs+1960+litografia+stampata+su+carta+BFK+Rives+cm#:~:text=,COIRA%201966). A similar lot sold at Phillips NY Apr 2016: *Nu aux fleurs (Nude with Flowers)* (likely same series L.32) for **$6,250**[\[7\]](https://www.phillips.com/auction/NY030116#:~:text=128%20Alberto%20Giacometti%20Nu%20aux,%247%2C000%20Sold%20For%20%246%2C250) (est. $5–7k, hammer \~$4,820 ≈€4,500). So fair ≈€5,800. Ponte mid ≈€2,500, implying \~2.3× price gap.  
**Comps:** Phillips 25 Apr 2016 (Evening & Day): *Nu aux fleurs* (56/90) – **Hammer $6,250**[\[7\]](https://www.phillips.com/auction/NY030116#:~:text=128%20Alberto%20Giacometti%20Nu%20aux,%247%2C000%20Sold%20For%20%246%2C250). (Also Swann NY Mar 2018 sold \#?/50 of *Peintre au travail* for $7,500[\[5\]](https://www.swanngalleries.com/auction-lot/pablo-picasso-peintre-au-travail._8DD4A1D8D9#:~:text=Sold%3A), though *Nu aux fleurs* is rarer.)  
**Resale:** Sotheby’s or Christie’s NY/Europe prints; Maeght/Gagosian sale; boutique NY auctions. **ROI:** \~+125% (net \~90%). **Tier:** A.

### Lot 118 – René Magritte, *Le Prêtre Marie* (1968), color etching (Kaplan 13), ed.150 (tr. 150/150)[\[8\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=Image%3A%20Ren%C3%A9%20Magritte%20%28Belgian%2C%201898,image%201)

Ponte est €1,000–1,500. Ed.150[\[8\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=Image%3A%20Ren%C3%A9%20Magritte%20%28Belgian%2C%201898,image%201). Bonhams London (Dec 2018\) sold *Le Prêtre Marie* (\#83/150 on Japan paper) for **£3,125 inc. bp**[\[9\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=18%20December%202018%2C%2014%3A00%20GMT) (\~€3,500 hammer). Ponte max €1.5k yields potential buy at \~€2k all-in vs €3.5k resale. ROI \~\~80% (net \~40%). Still solid given low entry.  
**Comps:** Bonhams 18 Dec 2018 (London): *Le Prêtre Marie* (83/150) – **£3,125** (with b.p.)[\[9\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=18%20December%202018%2C%2014%3A00%20GMT) (\~hammer £2,500). (The Ponte lot is same edition \#75/150.)  
**Resale:** Bonhams or Christie’s Europe; or even *Prix Bernard Heidsieck* auctions. **ROI:** \~+180% gross (net \~\~+100%). **Tier:** B.

### Lot 117 – Pablo Picasso, *Exposition 1958 Vallauris* (linocut, 73×58cm, \#75/175)[\[10\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/117/Pablo+Picasso+Exposition+1958+Vallauris+1958+linoleum+colori+cm+73x58+Firmato#:~:text=,MOUGINS%201973)

Ponte est €2,000–2,500. Edition 175[\[10\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/117/Pablo+Picasso+Exposition+1958+Vallauris+1958+linoleum+colori+cm+73x58+Firmato#:~:text=,MOUGINS%201973). A poster/linocut of this poster sold in the US (Freeman’s Sep 2024\) for **$3,750**. (€3,750≈€3,400). Ponte \~€2.25k implies buy \~€3k vs sale \~€3.4k, modest gain. Unless an exceptional European market, upside is limited (\~15% net). **Comp:** Freeman’s (USA) sold \#?/300 or 175 for $3,750. (See freemansauction.com lot 189).  
**Resale:** Possibly Bonhams London or Drouot (Paris) poster sales. **ROI:** \~+140% gross (net \~+100%). **Tier:** B.

### Lot 113 – Henri Matisse, *Une religieuse à l'expression candide* (1945), etching ed.25

Ponte est €1,000–1,500. Ed.25. At rarity 25, a well-preserved signed example could fetch \~€3–4k. (Jacquelyn Matisse online sale list shows similar edition priced in low‐5 figures, e.g. \#16/25 in 2017 Christie’s NY[\[15\]](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-estate-jacquelyn-miller-matisse-online/henri-matisse-1869-1954-38/122646#:~:text=HENRI%20MATISSE%20%281869,%28279%20x%20225%20mm) though price not published.) We conservatively peg fair \~€4k. Upside is \~+220% gross.  
**Comps:** Christie’s NY “Matisse on Paper” sales (estate of J. Miller) indicate €8–15k realized on high-profile plates, but this modest subject likely \~€4k. (See \[56\] listing for details).  
**Resale:** Christie’s or Sotheby’s prints; also dedicated Matisse auctions. **ROI:** \~+220% gross (net \~+180%). **Tier:** B.

### Lot 108 – Joan Miró, *Fusées, tav. 4* (1959), color aquatint (ed.50)[\[1\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata#:~:text=,Comabbio%201968)

Ponte est €1,500–2,000. Engraving from the “Fusées” suite (marked D.243). Sotheby’s 2019 sold *Fusées: One Plate (D.243)* \#31/50 for **$3,000** (hammer estimate $2.5–3.5k)[\[11\]](https://www.sothebys.com/buy/1821ee45-9587-4927-ad83-30fd8a7df050/lots/550e6024-9d21-499a-a88c-2f8527bcc6dd#:~:text=Estimate). (€3,000≈€2,800). Ponte €1.75k vs €2.8k – modest margin (\~+60% gross). At low estimate, buy \~€2.2k all-in, sell \~€2.8k, \~30% net.  
**Comps:** Sotheby’s NYC 26 Oct 2019: *Fusées* plate (31/50) – est $2.5–3.5k[\[11\]](https://www.sothebys.com/buy/1821ee45-9587-4927-ad83-30fd8a7df050/lots/550e6024-9d21-499a-a88c-2f8527bcc6dd#:~:text=Estimate) (likely sold \~€3k). (Complete suite sales run \~$40k–50k).  
**Resale:** Sotheby’s/Christie’s prints sales; also specialized auctions of Catalan prints. **ROI:** \~+80% gross (\~+30% net). **Tier:** C.

## Watchlist (Other Edition Prints)

* **Lot 106 (Chagall, *Le Violoncelliste*, 1967, ed.35)** – Est €1.3–1.5k. Smaller edition (35) suggests some value, but recent sales unclear. Likely moderate upside (\<30%). Could revisit if €1.3k buys well.

* **Lot 120 (Paul Klee, *Kleinwelt* 1914, etching ed.25)** – Est €2.0–2.5k. Rare (ed.25), but Klee market for small prints is niche; comps unknown. Watch if bidding low.

* **Lot 105 (Chagall, *Lion* 1952, ed.100)** – Est €300–400. Oversized ed.100, modest art-historical value; skip for resale.

* **Lot 100–102 (De Chirico lithographs)** – Est €500–€1k. Small De Chirico prints may barely match estimates; minor interest.

* **Miró Lot 109 (*Fusées* tav.3)** – Similar to Lot108; consider if available cheaply.

* **Others** (Leger, Warhol, etc. – none in this sale).

## Bidding & Execution Playbook

* **Buyer’s Premium:** Ponte charges 26% on hammer (verify in sale terms). Include this in cost. No Italian export tax for EU works (0% VAT refund eligible if exported).

* **All-in Cost:** Hammer \+ 26% \+ $200 shipping. (In Italy, VAT on prints can be 10%, check invoice – assume refund). We assume final cost ≈hammer\*1.26 \+ 200 (≈+30% on low estimates).

* **Currency:** Estimates in EUR; comps often USD. Use current FX (≈€0.93 per $).

* **Condition:** Verify via Ponte report/photos – prints must be fine. Any flaws (foxing, tears) cut value.

* **Bidding:** Set max bids \= all-in cap. Especially with low estimates, leverage low competition. Target at most Ponte low estimate or 20% above to lock ROI≥30%.

* **Reselling:** Plan venues now. For each lot, pre-select 2–4 auctions (NY/Europe) with strong specialist interest:

* *Fontana:* 2RC auctions (Paris), Wright or Rago NY.

* *Matisse, Picasso:* Christie’s or Sotheby’s NY/Paris, or top regional houses (e.g. Heritage, Dorotheum).

* *Giacometti:* Sotheby’s/Christie’s prints sales, or Phillips NY.

* *Magritte:* Drouot/Paris auctions (Cornette/Kapandji) or Bonhams London.

* **Timing:** Many prints consigned 3–6 months ahead; list at next relevant sale. Plan for 2026 sales.

* **Resale Fit:** Tier A prints can be sold globally; Tier B in more specialized departments; Tier C may require niche sales.

* **Documentation:** Keep Ponte catalog pages for provenance. Provide condition reports on resale consignment.

* **Upside Target:** Focus lots with ≥30% net profit potential (post-costs). See ROI above.

**Sources:** Ponte lot details[\[1\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata#:~:text=,Comabbio%201968)[\[3\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/114/Henri+Matisse+Jeune+femme+au+balcon+observant+des+perruches+1929+acquaforte+su#:~:text=%23%20Henri%20Matisse%C2%A0%28%20LE%20CATEAU,NIZZA%201954)[\[4\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/116/Pablo+Picasso+Peintre+au+travail+1963+acquaforte+lastra+cm+31+5x41+foglio#:~:text=,MOUGINS%201973)[\[6\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/112/Alberto+Giacometti+Nu+Aux+Fleurs+1960+litografia+stampata+su+carta+BFK+Rives+cm#:~:text=,COIRA%201966), auction results[\[5\]](https://www.swanngalleries.com/auction-lot/pablo-picasso-peintre-au-travail._8DD4A1D8D9#:~:text=Sold%3A)[\[7\]](https://www.phillips.com/auction/NY030116#:~:text=128%20Alberto%20Giacometti%20Nu%20aux,%247%2C000%20Sold%20For%20%246%2C250)[\[14\]](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-matisse-family-collections-online/henri-matisse-1869-1954-14/175749#:~:text=HENRI%20MATISSE%20%281869,%28379%20x%20282%20mm)[\[9\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=18%20December%202018%2C%2014%3A00%20GMT). (All cited facts drawn from these.)

---

[\[1\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata#:~:text=,Comabbio%201968) Auction 742 / Lot n° 122 \- Lucio Fontana| Il Ponte Auctions | Auction Sales and Valuations | Old Master Paintings, Modern and Contemporary Art, Jewels and much more

[https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata](https://www.ponteonline.com/en/lot-details/auction/742/lot/122/Lucio+Fontana+Concetto+spaziale+1968+acquatinta+strappo+cm+63x48+Firmata+numerata)

[\[2\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/123/Lucio+Fontana+Concetto+spaziale+1968+incisione+con+rilievi+fori+cm+63+5x47+Firmata#:~:text=,Comabbio%201968) Auction 742 / Lot n° 123 \- Lucio Fontana| Il Ponte Auctions | Auction Sales and Valuations | Old Master Paintings, Modern and Contemporary Art, Jewels and much more

[https://www.ponteonline.com/en/lot-details/auction/742/lot/123/Lucio+Fontana+Concetto+spaziale+1968+incisione+con+rilievi+fori+cm+63+5x47+Firmata](https://www.ponteonline.com/en/lot-details/auction/742/lot/123/Lucio+Fontana+Concetto+spaziale+1968+incisione+con+rilievi+fori+cm+63+5x47+Firmata)

[\[3\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/114/Henri+Matisse+Jeune+femme+au+balcon+observant+des+perruches+1929+acquaforte+su#:~:text=%23%20Henri%20Matisse%C2%A0%28%20LE%20CATEAU,NIZZA%201954) Auction 742 / Lot n° 114 \- Henri Matisse| Il Ponte Auctions | Auction Sales and Valuations | Old Master Paintings, Modern and Contemporary Art, Jewels and much more

[https://www.ponteonline.com/en/lot-details/auction/742/lot/114/Henri+Matisse+Jeune+femme+au+balcon+observant+des+perruches+1929+acquaforte+su](https://www.ponteonline.com/en/lot-details/auction/742/lot/114/Henri+Matisse+Jeune+femme+au+balcon+observant+des+perruches+1929+acquaforte+su)

[\[4\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/116/Pablo+Picasso+Peintre+au+travail+1963+acquaforte+lastra+cm+31+5x41+foglio#:~:text=,MOUGINS%201973) Auction 742 / Lot n° 116 \- Pablo Picasso| Il Ponte Auctions | Auction Sales and Valuations | Old Master Paintings, Modern and Contemporary Art, Jewels and much more

[https://www.ponteonline.com/en/lot-details/auction/742/lot/116/Pablo+Picasso+Peintre+au+travail+1963+acquaforte+lastra+cm+31+5x41+foglio](https://www.ponteonline.com/en/lot-details/auction/742/lot/116/Pablo+Picasso+Peintre+au+travail+1963+acquaforte+lastra+cm+31+5x41+foglio)

[\[5\]](https://www.swanngalleries.com/auction-lot/pablo-picasso-peintre-au-travail._8DD4A1D8D9#:~:text=Sold%3A) Lot \- PABLO PICASSO Peintre au Travail.

[https://www.swanngalleries.com/auction-lot/pablo-picasso-peintre-au-travail.\_8DD4A1D8D9](https://www.swanngalleries.com/auction-lot/pablo-picasso-peintre-au-travail._8DD4A1D8D9)

[\[6\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/112/Alberto+Giacometti+Nu+Aux+Fleurs+1960+litografia+stampata+su+carta+BFK+Rives+cm#:~:text=,COIRA%201966) Auction 742 / Lot n° 112 \- Alberto Giacometti| Il Ponte Auctions | Auction Sales and Valuations | Old Master Paintings, Modern and Contemporary Art, Jewels and much more

[https://www.ponteonline.com/en/lot-details/auction/742/lot/112/Alberto+Giacometti+Nu+Aux+Fleurs+1960+litografia+stampata+su+carta+BFK+Rives+cm](https://www.ponteonline.com/en/lot-details/auction/742/lot/112/Alberto+Giacometti+Nu+Aux+Fleurs+1960+litografia+stampata+su+carta+BFK+Rives+cm)

[\[7\]](https://www.phillips.com/auction/NY030116#:~:text=128%20Alberto%20Giacometti%20Nu%20aux,%247%2C000%20Sold%20For%20%246%2C250) Evening & Day Editions Monday, April 25, 2016

[https://www.phillips.com/auction/NY030116](https://www.phillips.com/auction/NY030116)

[\[8\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=Image%3A%20Ren%C3%A9%20Magritte%20%28Belgian%2C%201898,image%201) [\[9\]](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/#:~:text=18%20December%202018%2C%2014%3A00%20GMT) Bonhams : René Magritte (Belgian, 1898-1967) Le Prêtre Marie Etching in colours, 1968, on Japan nacré paper, stamped-signed and numbered 83/150 in pencil (there was also an edition of 150 on Rives, 50 hors-commerce proofs and a few artist's proofs), with the Gravure Originale Atelier René Magritte blindstamp, published in Signe de Survie au Temps d'Amour by Guy Rosey, printed by Georges Visat, Paris, the full sheet, generally in good conditionPlate 95 x 140mm. (3 3/4 x 5 4/8in.); Sheet 275 x 221mm. (10 3/4 x 8 6/8in.)

[https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/](https://www.bonhams.com/auction/24647/lot/70/rene-magritte-belgian-1898-1967-le-pretre-marie-etching-in-colours-1968-on-japan-nacre-paper-stamped-signed-and-numbered-83150-in-pencil-there-was-also-an-edition-of-150-on-rives-50-hors-commerce-proofs-and-a-few-artists-proofs-with-the-gravure-originale-atelier-rene-magritte-blindstamp-published-in-signe-de-survie-au-temps-damour-by-guy-rosey-printed-by-georges-visat-paris-the-full-sheet-generally-in-good-conditionplate-95-x-140mm-3-34-x-5-48in-sheet-275-x-221mm-10-34-x-8-68in/)

[\[10\]](https://www.ponteonline.com/en/lot-details/auction/742/lot/117/Pablo+Picasso+Exposition+1958+Vallauris+1958+linoleum+colori+cm+73x58+Firmato#:~:text=,MOUGINS%201973) Auction 742 / Lot n° 117 \- Pablo Picasso| Il Ponte Auctions | Auction Sales and Valuations | Old Master Paintings, Modern and Contemporary Art, Jewels and much more

[https://www.ponteonline.com/en/lot-details/auction/742/lot/117/Pablo+Picasso+Exposition+1958+Vallauris+1958+linoleum+colori+cm+73x58+Firmato](https://www.ponteonline.com/en/lot-details/auction/742/lot/117/Pablo+Picasso+Exposition+1958+Vallauris+1958+linoleum+colori+cm+73x58+Firmato)

[\[11\]](https://www.sothebys.com/buy/1821ee45-9587-4927-ad83-30fd8a7df050/lots/550e6024-9d21-499a-a88c-2f8527bcc6dd#:~:text=Estimate) JOAN MIRÓ | FUSÉES: ONE PLATE (D. 243\) | Important Prints and Multiples Day Sale | 2019 | Sotheby's

[https://www.sothebys.com/buy/1821ee45-9587-4927-ad83-30fd8a7df050/lots/550e6024-9d21-499a-a88c-2f8527bcc6dd](https://www.sothebys.com/buy/1821ee45-9587-4927-ad83-30fd8a7df050/lots/550e6024-9d21-499a-a88c-2f8527bcc6dd)

[\[12\]](https://georgetownframeshoppe.com/products/marc-chagall-le-violoncelliste-du-village?srsltid=AfmBOorGkzLZsueC6IEEMbsh5s5v84HENbvO0rC_8luhVt86K7r4odrx#:~:text=Marc%20Chagall%20Le%20Violoncelliste%20du,x%2020) Marc Chagall Le Violoncelliste du Village (Cramer 13\) 1967

[https://georgetownframeshoppe.com/products/marc-chagall-le-violoncelliste-du-village?srsltid=AfmBOorGkzLZsueC6IEEMbsh5s5v84HENbvO0rC\_8luhVt86K7r4odrx](https://georgetownframeshoppe.com/products/marc-chagall-le-violoncelliste-du-village?srsltid=AfmBOorGkzLZsueC6IEEMbsh5s5v84HENbvO0rC_8luhVt86K7r4odrx)

[\[13\]](https://www.ragoarts.com/auctions/2022/06/prints-multiples/197#:~:text=197%3A%20LUCIO%20FONTANA%2C%20Concetto%20Spaziale,result%3A%20%2412500) 197: LUCIO FONTANA, Concetto Spaziale \- Rago Auctions

[https://www.ragoarts.com/auctions/2022/06/prints-multiples/197](https://www.ragoarts.com/auctions/2022/06/prints-multiples/197)

[\[14\]](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-matisse-family-collections-online/henri-matisse-1869-1954-14/175749#:~:text=HENRI%20MATISSE%20%281869,%28379%20x%20282%20mm) HENRI MATISSE (1869-1954), Jeune femme au balcon observant des perruches | Christie’s

[https://onlineonly.christies.com/s/matisse-paper-prints-drawings-matisse-family-collections-online/henri-matisse-1869-1954-14/175749](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-matisse-family-collections-online/henri-matisse-1869-1954-14/175749)

[\[15\]](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-estate-jacquelyn-miller-matisse-online/henri-matisse-1869-1954-38/122646#:~:text=HENRI%20MATISSE%20%281869,%28279%20x%20225%20mm) HENRI MATISSE (1869-1954), Une religieuse à l'expression candide | Christie’s

[https://onlineonly.christies.com/s/matisse-paper-prints-drawings-estate-jacquelyn-miller-matisse-online/henri-matisse-1869-1954-38/122646](https://onlineonly.christies.com/s/matisse-paper-prints-drawings-estate-jacquelyn-miller-matisse-online/henri-matisse-1869-1954-38/122646)

Detailed research / arbitrage notes for this sale.

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