Unicorn Art ClubUnicorn Art Club / All 30 artists
Giorgio de Chirico
1888-1978 · Metaphysical painting, Surrealism (precursor)
The club deal
- Status
- Fundraising open
- Minimum per member
- USD 100,000 (US residents: USD 200,000 individuals, USD 1,000,000 entities)
- Fundraising target
- 1,000,000 USD
- Selection window
- 12 months, with return of the capital if no suitable work is found
- Vehicle
- a dedicated SPV for this artist
- Expected exit
- between 3 and 7 years, through auction or private sale
How the club deal for each artist works · Costs
If no suitable work is found within 12 months, the capital paid in is returned.
Price range of the works the club looks for
from 5,000,000 to 16,000,000 USD (5-16 million for the metaphysical canvases of 1909-1919; late works from 30,000 to 1 million)
Market liquidity: medium
Biography
Giorgio de Chirico, born in Greece to Italian parents, founded Metaphysical painting in the 1910s with empty piazzas, long shadows, arcades, mannequins and enigmatic still lifes. These works inspired the Surrealists, who later turned against his classicising style of the 1920s and after. His market is sharply divided: the early metaphysical canvases of 1909 to 1919 are extremely rare and command the top prices, while the many later replicas and variations of his own themes, made from the 1940s to the 1970s, sell from tens to hundreds of thousands of dollars. His record, Il pomeriggio di Arianna (1913), sold for 15.9 million dollars at Sotheby's New York in October 2020. Authenticity and dating are key due diligence issues.
Auction record
15,890,400 USD: Il pomeriggio di Arianna, 1913, Sotheby's, New York, 2020-10-28 (source)
Recent auction results
- 434,400 USD: Piazza d'Italia, Bonhams Cornette de Saint Cyr, Paris, 2025-04-30 (source)
Market data: public auction results with date, auction house and source, the same data as Unicorn Art Watch.
Museums
- Museum of Modern Art, New York
- Centre Pompidou, Parigi
- Tate Modern, Londra
- Galleria Nazionale d'Arte Moderna e Contemporanea, Roma
- Peggy Guggenheim Collection, Venezia
Sources
- Sotheby's, New York marquee auction results October 2020
- Antiques and The Arts Weekly, Sotheby's sets record for de Chirico
- HENI News, Bonhams Cornette de Saint Cyr Surrealism April 2025
Prices and news on Unicorn Art Watch · Guides on investing in art on Unicorn Private Research
Risk: Investing involves the risk of losing capital.