Sustainability

When an auction isn’t enough: the real issue is museum fundraising

The Castello di Rivoli charity auction prompts reflection on the financial sustainability of cultural institutions, which are increasingly being called upon to diversify their sources of funding

Castello di Rivoli

4' min read

Translated by AI
Versione italiana

4' min read

Translated by AI
Versione italiana

How much of an impact can a charity auction have on a museum’s financial sustainability? Not much, at least in terms of the figures. But the charity auction organised by Castello di Rivoli reveals something far more significant than its potential proceeds. It illustrates how the funding model for Italian museums is changing, forcing even the major public institutions to supplement public funding with increasingly structured and ongoing fundraising.

Nalini Malani, After T. S. Eliot», 2008. Stampa digitale / Digital print 47,5×64cm. Edizione di / Edition of 150 + 15 EA. Base d’asta / Starting price € 650,00 + IVA 5%

Open until 5 July on the CharityStars.com platform, this is a silent auction designed to ensure the utmost discretion for both the artists and the participants. It features a starting bid of approximately 90,000 euros – a useful contribution, but a marginal one given the financial needs of an institution that survives thanks to an increasingly delicate balance between public funding, sponsorship and private fundraising.

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It is precisely this balance that makes the initiative interesting: not so much for its potential financial return, but because it demonstrates how even one of Italy’s leading contemporary art museums is seeking to strengthen its fundraising capabilities within a system of public funding that has been showing its limitations for years.

Guglielmo Castelli, «La mano corretta», 2026. Collage su carta / Collage on paper 24×17,5cm. Base d’asta / Starting price € 5.000,00 + IVA 5%

The problem is not so much the Castello di Rivoli as the fact that no Italian museum has yet achieved a critical mass of its own resources comparable to that of the major Anglo-Saxon institutions. If we look at the major international museums, auctions are almost always initiatives designed to foster relationships with donors, not tools intended to balance the books. In Italia, however, there is often a risk of placing financial expectations on these initiatives which, by their very nature, cannot be met.

Donated works

Nine artists, all with close ties to the Castle. Anna Boghiguian, the subject of a major retrospective in 2017, has contributed one of her unsettling figures, with a starting bid of 16,000 euros. The work by Turin-based Guglielmo Castelli is a collage on paper entitled *La mano corretta* (starting at 5,000 euros), whilst Giorgio Griffa is offering one of his famous watercolours on paper, ‘Opruh-beso’ from 2018, starting at 4,000 euros. Enrico David, who recently featured in a retrospective at the Manica Lunga gallery in the Castello, is offering two ‘Gamberi’ in low-temperature-fired English stoneware (each starting at 2,500 euros). Patrizio Di Massimo is the artist behind the painting ‘Insteps and Ladybird (Purple)’, 2026, with a starting bid of 8,000 euros, whilst the Indian artist Nalini Malani is offering ‘After T.S. Eliot’, a digital print from 2008 (in an edition of 150), starting at 650 euros. Francis Offman is offering a mixed-media work (from 4,500), Elisa Sighicelli one of her photographs, entitled ‘Rear Window’ (starting at 1,500), and Alice Visentin the acrylic painting ‘Doe’, 2026 (2,000 euros).

Patrizio Di Massimo, «Insteps and Ladybird (Purple)», 2026. Olio su tela di lino / Oil on linen. 35 × 30 cm (39 x 34 cm incorniciato / framed). Base d’asta / Starting price € 8.000,00 + IVA 5%

These are followed by various limited-edition works and multiples, including a poster by Michelangelo Pistoletto, ‘Molti di uno (Many of One)’, 2023 (200 euros), a drawing on Plexiglas by Giulio Paolini ’84 – ’04, ‘Per i venti anni del Museo’ (800 euros) and a series of works donated by Martino Gamper, including ‘Tabula Sella’, 2024, and ‘Alpi Veneer’, powder-coated metal legs (36,600 euros).

The museum’s accounts

Beyond the auction, it is above all the figures in the financial statements that illustrate the museum’s economic challenges. Castello di Rivoli’s 2025 financial statements show a balanced result, confirming that budget targets have been met, but within a context characterised by limited resources and a constant quest for financial stability. The delicate nature of this financial balance is also confirmed by the observations made by the Board of Auditors, which draws attention to the impact of financial charges, which remain high despite having fallen compared with the previous financial year. The auditors also highlight the need for more careful planning of payments to suppliers, which continue to be subject to significant delays, partly due to the time taken to disburse public funding. This highlights a recurring issue within the Italian cultural sector: the financial sustainability of institutions depends not only on the level of funding, but also on its timely availability.

Giorgio Griffa, «Opruhbeso», 2018. China, acquerello su carta / Indian ink, watercolour on paper 30,5 × 22,7 cm. Base d’asta / Starting price € 4.000,00 + IVA 5%

For the Rivoli, the support of the Piedmont Region – the museum’s key partner – remains crucial; the Region has confirmed a total contribution of 2.489 million euros for 2025, unchanged from the previous year. Of this amount, €510,000 is allocated to the membership fee, whilst €1.979 million directly funds the cultural programme. This is an important sign of continuity, particularly at a time when public finances continue to operate within a context of strict spending cuts.

Francis Offman, «Senza titolo (Untitled)», 2025-2026. Acrilico, inchiostro, carta, zanzariera in fibra di vetro, fondi di caffè, gesso di Bologna su iuta /. Acrylic, ink, paper, fiberglass mosquito netting, coffee grounds, Bologna gypsum on jute 29×40,5cm. Base d’asta / Starting price € 4.500,00 + IVA 5%

At the same time, the museum is continuing to diversify its sources of funding. Through the Art Bonus scheme, €102,500 in donations has been raised – a significant sum, but still modest compared to the institution’s overall funding requirements. It is within this context that the charity auction also fits: not as a one-off initiative, but as part of a broader fundraising strategy aimed at strengthening the museum’s financial independence.

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