BREAKING NEWS – 12.04.2023

In its press release of 11 April 2023, Deodato.Gallery SpA, an innovative SME operating in the contemporary art market, with a main focus on the street art and pop art segment, at the head of a group of companies that manage several art galleries, announced the representation of the internationally renowned Chinese artist Liu Bolin and the obtaining of territorial exclusivity over Belgium and Switzerland for his works. The Group envisaged a total investment of € 1.50 million and signed an agreement with the artist for a duration of four years, extendable to five. In the coming months, the Group plans to organize an exhibition in its galleries in Switzerland. This event will be an opportunity to exhibit the works of Bolin, of which more than twenty have already entered the collection. The agreement with the artist is a valid opportunity for the company to open up to the international art scene.  Targeted investments, combined with the introduction of the new deodato.io platform announced in March, strengthen our positive view of the share. For this reason, we confirm our estimates: target price € 1.70, BUY rating and risk MEDIUM.

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