This article, written by James Tarmy, appears on Bloomberg Business.

The 20th Century Italian Art Market Is the Latest to Feel the Boom

Exploding artists such as Lucio Fontana are the tip of the Italian iceberg, say some experts. This is where the million-dollar “bargains” can still be found in the high-end art market.

When a work by Lucio Fontana sold at Christie’s New York last month for $29.2 million, it was the highest price the artist had ever achieved at auction. The giant, canary-yellow canvas was the latest in a string of broken records: Five of Fontana’s top 10 auction sales of all time were in 2015, according to Artnet.

Read more at Bloomberg Business.