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Mutina Ars Antiqua: Elena Caroli on the Italian Archaeological Market

market-auction · 2026-04-26

Elena Caroli, owner of Galleria Mutina Ars Antiqua in Modena, Italy, discusses her journey from collector to gallerist, specializing in Egyptian artifacts. The gallery, operating for over twenty years, offers authentic archaeological pieces spanning over five thousand years. Caroli's first significant collection piece was a turquoise faience Ushabti from the XX dynasty, a mummiform statuette inscribed with ritual formulas from the Book of the Dead. Her most notable sale was an Illyrian bronze helmet from the late 7th to early 6th century BC, acquired by an Italian museum. The gallery focuses on Egyptian art, including a cat sarcophagus from the Late Period and a painted wooden sarcophagus lid from the Third Intermediate Period, but also handles Greek, Roman, Etruscan, and Mesopotamian artifacts. Caroli emphasizes the importance of buying from reputable dealers, verifying documentation, and obtaining scientific analysis to ensure authenticity. She notes the Italian market's challenges: strict export regulations from the Soprintendenza archeologica often limit international sales, and prices for archaeological items in Italy are lower than in the broader European market. Since 2018, the market has seen a slight decline, though signs of recovery are emerging. Modena, home to the long-running Modenantiquaria fair, remains a stronghold for antiquities.

Key facts

  • Galleria Mutina Ars Antiqua has operated in Modena for over twenty years.
  • Elena Caroli studied cultural heritage sciences and began selling at flea markets.
  • Her first significant piece was a turquoise faience Ushabti from the XX dynasty.
  • The most important sale was an Illyrian bronze helmet from the late 7th to early 6th century BC.
  • The gallery specializes in Egyptian art but also handles Greek, Roman, Etruscan, and Mesopotamian artifacts.
  • Caroli advises buyers to obtain certificates of authenticity and provenance, and to notify the Soprintendenza.
  • Italian export regulations require authorization from the Soprintendenza archeologica, which is often denied.
  • The Italian archaeological market has seen a slight decline since 2018 but shows signs of recovery.

Entities

Artists

  • Elena Caroli
  • Marcello Semolini

Institutions

  • Mutina Ars Antiqua
  • Modenantiquaria
  • Soprintendenza archeologica
  • Università IULM di Milano
  • Polo Museale di Gualdo

Locations

  • Modena
  • Italy
  • Via Segantini, 13, Modena

Sources