Agostino Chigi - banker and arts patron

Nobleman from Siena became one of Europe’s richest men

A Roman coin bearing the image of Agostino Chigi,
who was one of the 16th century's richest bankers

The banker Agostino Chigi, who was a major sponsor of artists during the Renaissance, was born on this day in 1466 in Siena.

At its height, Chigi’s banking house in Rome was the biggest financial institution in Europe, employing up to 20,000 people, with branches throughout Italy and abroad, as far apart as London and Cairo.

Chigi invested a good deal of his wealth in supporting the arts, notably providing financial backing to almost all the main figures of the early 16th century, including Perugino, Sebastiano del Piombo, Giovanni da Udine, Giulio Romano, Il Sodoma (Giovanni Bazzi) and Raphael.

Perugino painted The Chigi Altarpiece, dated at around 1506-1507, which hangs in the Chigi family chapel in the church of Sant'Agostino in Siena. 

Chigi’s significant legacy to Rome was to have built a chapel in the church of Santa Maria della Pace, another - his mortuary chapel, the Chigi Chapel - in the church of Santa Maria del Popolo, and the superb suburban villa in Trastevere, on the banks of the Tiber, which since 1579 has been known as the Villa Farnesina. 

The altarpiece painted by Perugino
for Agostino Chigi in Siena

Agostino Chigi was the son of the prominent Sienese banker Mariano Chigi, from an ancient and illustrious Tuscan family. He moved to Rome around 1487, taking with him a rich fund of capital.

He grew the wealth of his own bank by lending considerable sums to Pope Alexander VI and others, and by diversifying from regular banking practice by buying monopoly control of salt mining in the Papal States and the Kingdom of Naples, as well as that of alum, a mineral used in the textile industry.

After the death of the Borgia pope Alexander VI and his short-lived Sienese successor Pius III Piccolomini, Chigi helped Pope Julius II, in return for which he became treasurer and notary of the Apostolic Camera.  Agostino even accompanied Julius in the field in his military campaigns and went to Venice on his behalf to buy Venetian support for the papal forces in the War of the League of Cambrai.

Work began on his magnificent palace in Trastevere in 1506. Chigi took the unusual step of commissioning an untried pupil of Bramante, Baldassare Peruzzi, to design and oversee the construction of the villa, although he may have been helped Giuliano da Sangallo, the favored architect of Lorenzo de' Medici.

Raphael's fresco The Triumph of Galatea.
in the loggia at the Villa Farnesina

His design differed from that of the typical urban palazzo, which tended to be rectangular, with an enclosed courtyard. This villa, intended as an airy summer pavilion, had a U-shaped plan with a five-bay loggia between the arms, facing north, which was the main entrance.

The best known element of the sumptuous decorations are Raphael's frescoes on the ground floor, both in the loggia depicting the classical and secular myths of Cupid and Psyche, and in the east-facing loggia, depicting The Triumph of Galatea. 

This was a mythological scene from an intended series inspired by the Stanze per la giostra of the Florentine poet Angelo Poliziano. It shows the near-naked sea nymph Galatea on a shell-shaped chariot drawn by two dolphins, surrounded by other sea creatures.

It has been noted that Raphael’s Galatea bore similarities to the courtesan, Imperia Cognati, who was Agostino Chigi's lover and is said to have posed for Raphael on more than one occasion. The art historian and Raphael's near-contemporary, Giorgio Vasari, noted, however, that Raphael had said that Galatea was the product of his imagination, an idealised beauty.

It was at this villa that Chigi held sumptuous banquets. He was recognised as the richest man in Rome but was said to have affected a contempt of money by throwing silver dishes into the Tiber at the end of the parties, although it is thought his servants were on hand to collect them in nets draped under the windows.

The villa was called the Viridario in Chigi's time. It became the property of the Farnese family in 1577, more than a half-century after his death.

The Palazzo Chigi, the current official residence of Italian prime ministers, was bought by Fabio Chigi, related to Agostino as a descendent of his father’s brother, shortly after he became Pope Alexander VII in 1655.

The northern aspect of the Villa Farnesina, which was
Agostino Chigi's summer palace in Rome

Travel tip:

The Villa Farnesina can be found on Via della Lungara in the Trastevere district of Rome.  After the Farnese family, the villa belonged to the Bourbons of Naples and in 1861 to the Spanish Ambassador in Rome, Bermudez de Castro, Duke of Ripalta. Today, it is owned by the Italian State and accommodates the Accademia dei Lincei, a long-standing academy of sciences. The main rooms of the villa, including the Loggia, are open to visitors from 9am to 2pm on Monday to Saturday, and on every second Sunday of the month from 9am to 5pm. For more details, visit http://www.villafarnesina.it

The Palazzo Chigi in Rome was built originally for the
Aldobrandini family before passing to the Chigi family in 1659

Travel tip:

The 16th-century Palazzo Chigi, which overlooks the Piazza Colonna and the Via del Corso in Rome, was begun in 1562 by Giacomo della Porta and completed by Carlo Maderno in 1580 for the Aldobrandini family. It was in the ownership of the Chigi family, who had it remodelled by Felice della Greca and Giovan Battista Contini, from 1659 until the 19th century. It became the residence of the Austro-Hungarian Ambassador to Italy in 1878 before being bought by the Italian state in 1916, when it became the home of the Minister for Colonial Affairs. Later it was the official residence of the Italian Minister of Foreign Affairs and in 1961 became the official meeting place of Council of Ministers, whose president is the head of the Italian government - the prime minister - and can now use the palace as his official residence.


More reading:

Raphael: The precocious genius from Urbino

How the courtesan Imperia Cognati became a 16th century celebrity

Pope Alexander VI - the scheming Borgia pope

Also on this day:

1463: The birth of antiquities collector Andrea della Valle

1797: The birth of composer Donizetti

1850: The birth of Agostino Richelmy, the cardinal who fought with Garibaldi

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Ippolito de' Medici – Lord of Florence

Brief life of a Cardinal, soldier and patron of the arts

Ippolito de' Medici, as portrayed by Titian
between 1532 and 1534, in Hungarian dress

Ippolito de' Medici, who ruled Florence on behalf of his cousin, Giulio, after he became Pope Clement VII, died on this day in 1535 in Itri in Lazio.

At the age of 24, Ippolito was said to have contracted a fever that turned into malaria, but at the time there were also rumours that he had been poisoned.

There were two possible suspects. The fatal dose could have been administered on behalf of Alessandro de' Medici, whose abuses he was just about to denounce, or on behalf of the new pope, Paul III, who was believed to want Ippolito’s lucrative benefices for his nephews.

Ippolito was born in 1509 in Urbino, the illegitimate son of Giuliano de' Medici. His father died when Ippolito was seven and he came under the protection of his uncle, Pope Leo X. When he died five years later, Ippolito’s cousin, Giulio, who had become Pope Clement VII, sent him to Florence to become a member of the government, destined to rule the city when he was old enough.

Ippolito ruled Florence on his behalf between 1524 and 1527 but then Clement VII chose his illegitimate nephew, Alessandro, to take charge of Florence instead.

He created Ippolito a Cardinal in 1529 and named him archbishop of Avignon, which gave him a considerable income. Although there is no evidence that he was ever ordained as a priest or consecrated as a bishop, Ippolito was named Cardinal Priest of Santa Prassede and then Papal Legate in Perugia.

The ancient castle at Itri in Lazio, where Ippolito died

But Ippolito wanted to be the ruler of Florence rather than a cleric and was to spend the rest of his short life trying to depose his cousin, Alessandro.

In August 1529 Ippolito was one of the three Cardinals who met Emperor Charles V in Genoa to conduct him in state to Bologna for his coronation as Emperor.

In 1530 Clement VII granted Ippolito a half share of the annual papal income from the town and territory of Clusium for his lifetime.

Ippolito was sent to Hungary as Papal Legate in 1532 where he led 8,000 soldiers against the Ottoman Turks.

That same year he was named vice chancellor of the Holy Roman Church, the most lucrative office in the church, and he was transferred to the church of San Lorenzo in Damaso.

Jacopo Pontormo's portrait of Alessandro

After Ippolito’s cousin, Clement VII, died, Cardinal Alessandro Farnese was elected Pope and took the name of Paul III.

Ippolito acted as Florentine ambassador to Emperor Charles V, passing on to him complaints about the administration of Alessandro de' Medici.

When he became ill with a fever and subsequently died on 10 August 1535 he was on his way to north Africa to present his case against Alessandro to the Emperor, who was on a military campaign there. It was rumoured he had either been poisoned by Alessandro de' Medici to prevent him from denouncing him, or by the new pope, Paul III, who wanted his posts in the church for his own nephews.

Ippolito had been a generous patron of the arts, which was acknowledged by Giorgio Vasari in his writing, and he was painted by Titian wearing Hungarian costume in 1533.

He was unsuitable for the church because of his friendship with a Venetian courtesan and his love for Guilia Gonzaga, who was painted by artist Sebastiano del Piombo, who also enjoyed Ippolito’s patronage.

But Ippolito enjoyed the lavish lifestyle his position in the church gave him. Clement VII had reputedly once tried to sack members of his household, which Ippolito had resisted on the grounds that although he probably did not need them, they needed him.

The Church of San Michele
Arcangelo in Itri

Travel tip:

Itri in Lazio, where Ippolito died en route to Africa, is a small town in the province of Latina. It lies in a valley between the mountains and the sea near the Gulf of Gaeta. It has an ancient castle in the upper part of the town and the local people speak Itrano, a variation of the Naples dialect. The film Two Women, starring Sofia Loren, was filmed in Itri.

Travel tip:

Urbino, where Ippolito was born, is a beautiful city on a steep hill inland from Pesaro in the Marche region. The Ducal Palace, made famous by Castiglione’s The Book of the Courtier, is one of the most important monuments in Italy and is listed as a Unesco World Heritage site.

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