ARTS & COLLECTIBLES
THE FUSION OF FINE ART AND LUXURY REAL ESTATE
Award-winning estate agent Michael Carucci, Executive Vice President of Gibson Sotheby’s International Realty, reveals the impact of pairing luxury real estate with fine art.
Buying a home is often an exercise in imagination. Potential buyers have to imagine themselves living in a property and how they can transform it into a home that celebrates their own personal style— and estate agents have long known the positive effect of accessorizing and furnishing luxury real estate. Fine art can elevate the vision even further, adding color and personality to an interior and helping viewers see a space’s full potential.
It’s a strategy that has proven to be enormously successful—and this fusion of fine art and luxury real estate is at the heart of the sales approach of Michael Carucci, Executive Vice President of Gibson Sotheby’s International Realty. As an estate agent, Carucci is at the top of his game. In 2018, he was voted Best Luxury Agent in Boston by Boston Common Magazine; he ranked within the nation’s top 50 in sales volumes for all Sotheby’s agents in 2019. He has recently been named a Top Producer by Boston magazine.
“In almost all cases, fine art will enhance the walls of real estate, making it more impactful for those who don’t have a vision of their own,” says Carucci. “As a result, we have given the concept of the ‘Fusion of Fine Art and Luxury Real Estate’ a greater amount of attention lately. There’s a natural synergy.”
It’s not only the estate agents and viewers who benefit from the pairing of fine art and property—it can also help sell the fine art itself, giving the work a different kind of exposure that it might get in a gallery. “You have the ability to present the artwork to a captive audience that can appreciate it and afford it,” says Carucci. “In some instances, it is a more natural setting than a gallery because the customer can actually visualize it in the home.”
When Carucci was selling an ultra-luxury condo in the Four Seasons Private Residences at One Dalton Street, Boston, he featured a collection of paintings by global expressionist Giovanni DeCunto. The entire collection of 13 works—titled The Stolen 13 and inspired by the works of art stolen from the Isabella Stewart Gardner Museum in the world’s largest art heist—sold to viewers of the property in less than 45 days.
Whenever Carucci showcases artwork in this way, it is clearly identified as being available for sale, with prices available on request. In ideal situations, a viewer falls in love with both the art and the real estate and purchases both, either as one sale or separately. However, even if the viewer doesn’t love the showcased works, Carucci believes a property will always benefit from the addition of fine art and attributes it as a key contributing factor to his sales success.
“The arts are such an important component to the economy of our country with real estate being the backbone of the country—to fuse them together at this level just makes sense,” he says. “The blending of these two industries promotes the artist and enhances the real estate. It is the quintessential win-win scenario.”
Michael Carucci is the Executive Vice President of Gibson Sotheby’s International Realty. With almost $2 billion in career sales, he is ranked within the nation’s top 50 in sales volume for all Sotheby’s agents in 2019, and was recently named a Top Producer by Boston Magazine in 2020. Michael is the exclusive sales agent for the St. Regis Residences in Boston and an Ambassador for One Dalton, Boston’s Four Seasons Hotel and Residences. Michael was also voted Best Luxury Agent in Boston in 2018 by Boston Common Magazine. He is regularly quoted in the New York Times, The Wall Street Journal, Inman News, Robb Report, Banker & Tradesman, Boston Globe and Boston Business Journal. Michael is also a delegate for the Sotheby’s International Realty Market Leaders, an elite network of the Top 50 producing company agents of luxury markets who collaborate to match UHNW buyers and sellers worldwide.
Boston-based, global expressionist Giovanni DeCunto, took a liking to art at the tender age of 7, and has since dedicated his life to it. Using his one-of-akind methodology, DeCunto needn’t the assistance of tools—neither brushes nor palettes—when creating, and instead, only relies on the tubes of paint themselves. DeCunto prides himself in this organic technique of cultivation, for he feels that he is putting a personal touch into each piece in a way he couldn’t with a brush. After two years of intense study at the Vesper George School of Art and at The Art Institute of Boston, DeCunto took part in an apprenticeship through Napoleon Setti. Learning from German expressionists, DeCunto studied and graduated with a bachelor’s degree from Boston University in 1978, and went on to pursue a fellowship with Italy’s University of Padua. DeCunto’s hometown of Lawrence, MA gifted him the key to the city in 2016 for his artistic talent. DeCunto’s biggest artist attributes include Titian, Rembrandt Harmenszoon van Rijn, Peter Paul Rubens, and Vincent van Gogh. Known to “bridge the gap between the old and the new”, DeCunto’s collections range from abstract work to representational pieces. DeCunto’s work is a part of the permanent collections at the National Portrait Gallery of Smithsonian, The Museum of Fine Arts in Boston, MA, and Harvard University’s Fogg Art Museum. DeCunto has an active exhibition at The Gallery At Four India Street in Nantucket, Massachusetts until August 31, 2021. Visit giovannidecunto.com to view his entire collection.
SIMPLICITY, DUPLICITY, MULTIPLICITY
Size: 48x56: Acrylic On
This triptych of paintings explores the ideology of meeting someone, learning about them, which eventually gives way to conclusions.
195 Summer Street Manchester, MA 01944
Sale Price: $20,000,000
27 Commonwealth Avenue Unit 27 Boston, MA 02116
Sale Price: $7,600,000
Acrylic On Canvas
Inspired by Jupiter’s ice moon Europa, DeCunto explores metallic colors on a nickel surface with gold accentuation. DeCunto became inspired by the unexplored terrain of Europa, and wanted to explore the theories himself.
Acrylic On Canvas
Deeply captivated by the intricacy of quantum physics and its effect on the art world, DeCunto created Violet Night to represent our vast universe and all the secrets it holds. Inspired by American expressionist Jackson Pollock, DeCunto followed his notorious footsteps by creating paintings with the assistance of metaphysical means.
467 Wellesley Street, Weston MA, 02493
Sale Price: $4,500,000
Four Seasons Private Residence - 1 Dalton Street Unit 5502 Boston MA 02115
Sale Price: $16,650,000
Acrylic On Canvas - triptych
Freedom Flag 1
Freedom Flag 2
Freedom Flag 3
A proud and self-declared patriot, Giovanni DeCunto was inspired by his country’s perpetual resilience when and not in crisis. Each flag part of this triptych represents “Life, Liberty and the pursuit of Happiness”, a quote from the U.S. Constitution one that directly applies to every individual in America.
1 Hillside Road, Brookline, Massachusetts
Sale Price: $6,980,000
317 South Orleans Road Orleans, MA 02653
Sale Price: $3,500,000
Acrylic On Canvas
A part of DeCunto’s ‘God Series’, Eyes conveys the strength of a woman similar to that of the famous comic book hero, Superman. DeCunto shows his appreciation for this genre of art by including an indigenous totem pole in the center of the acrylic on canvas, showcasing its beauty and significance in the world.
70 Black Horse Lane, Cohasset MA 02025
Offered at $4,895,000
Millennium Tower - 1 Franklin St Unit 5405 Boston, MA 02108
Offered at $4,395,000
BALANCE IN THE SINGULARITY: GATEWAY TO THE FUTURE 1 AND 2
Medium: Acrylic On Canvas - diptych
Balance In The Singularity: Gateway To The Future 1
Balance In The Singularity: Gateway To The Future 2
As the world fell to disparity in the Spring of 2020 when the pandemic broke out, Giovanni DeCunto was inspired to bring humanity together with his vivid diptych of bold dragons. In Title: Balance In The Singularity: Gateway To The Future 1 And 2, the artist explores the ways China’s centuries-old expressionist movement.
Four Seasons Private Residence - 220 Boylston Street U:1014/1016 Back Bay, MA 02116
Offered at $6,000,000
Four Seasons Private Residence - 220 Boylston Street U:1008 Boston, MA: Back Bay 02116
Offered at $3,700,000
1. What is your favorite painting?
My ultimate favorite is a toss up between Rembrandt’s self-portrait and “The Rape of Europa” by Titian.
2. Who are your most notable buyers?
George Bush, Lionel Richie, Shaquille O’Neal, and Tom Cruise.
3. How did your upbringing shape who you are today as an artist?
It gave me great determination and an unyielding perseverance.
4. Can you compare twentieth century art to that of twenty-first century art?
We are starting over now. As my artist statement says, “we are at the beginning”. Fortunately I have been working on concepts that the world has been exploring for the last thirty years, so I have really witnessed it all.
5. What makes your art unique?
I use a number of techniques from the last three hundred years, and have not eliminated certain styles as I progress as an artist.
6. How does art better a home?
It enriches it by adding stylish flare. A bare wall in the house is similar to that of a blank canvas—your opportunities are endless.
7. Where do you see your art in ten years?
. Where do you see your art in ten years? I can’t predict the future, but I have placed my art in the best possible light, in the right collections with the right collectors, trying to cultivate the right legacy
8. What do you think an artist’s role is in society?
To bring art to a pivot point.
9. Who are your biggest influences?
Titian, Rembrandt Harmenszoon van Rijn, Peter Paul Rubens, and Vincent van Gogh.
10. What do you see your legacy as?
I see it as bringing art forward. I would like to bring cultural advancements to a pivot point.