Friday, October 20, 2023

Silvio Berlusconi Heirs Weigh Up Fate of His Mostly Worthless Art Collection

GUARDIAN EUROPE: Italian former PM estimated to have spent €20m on artworks, often buying through TV auctions

The heirs of Silvio Berlusconi inherited billions from his empire but now they are faced with a dilemma: what to do with his vast collection of mostly worthless artwork, including paintings of nude women and the Madonna, stored in a warehouse opposite his home near Milan.

The former prime minister, who died in June at the age of 86, reportedly amassed the 25,000 works during the final years of his life, buying the majority from late-night shopping channels in his quest to become a top collector.

Vittorio Sgarbi, an undersecretary at the culture ministry, art critic and close friend of Berlusconi, said the compulsion for buying art sold through TV auctions began in earnest in 2018 as a result of “sleepless nights”. » | Angela Giuffrida in Rome | Thursday, October 19, 2023