News | December 11, 2009

Airlines Go Out of Business Too

News | December 11, 2009

By Jillian Lobato

Some of the art that was on board hanging inside the first class cabins and lounges on the Embattled Italian airline Alitalia were sold off. The Italian national airline filed for bankruptcy last year, and this sale was part of the breakup of the assets. However, a group of Italian investors have rescued the brand from extinction and will be relaunching it with a new terminal in Rome.

The auction included paintings by Futurist artists like Enrico Prampolini, Giacomo Balla, and works by Italian artists. A Gino Severini piece titled “Zeus Gave Birth to the Sun” said to be valued at 500,000 euros was not sold. That piece may be sold privately. In total, the auction brought in 1.2 million euros.

Via: Luxist