The First Art Newspaper on the Net Established in 1996 United States Thursday, April 24, 2014


Christie's Latin American Art Sale Establishes Fourteen New World Auction Records
The top lot was Miguel Covarrubias' Offering of Fruits for the Temple, 1932 (detail), for which Christie’s established a new world auction record for the artist, realizing $1,022,500 — more than three times the high estimate of $300,000. Photo: Christie's Images Ltd. 2011.
NEW YORK, NY.- Christie’s Latin American Art Sale achieved a strong total of $22,571,450 (£13,763,079/ €15,895,387). Held in two sessions on May 26 and 27, the sale was sold 75% by lot, 79% by value and established an impressive 14 new world auction records.

The top lot was Miguel Covarrubias Offering of Fruits for the Temple, 1932, for which Christie’s established a new world auction record for the artist, realizing $1,022,500 — more than three times the high estimate of $300,000. The magnificent painting was inspired by one of the Mexican artist’s extended trips to Bali in the 1930s. Covarrubias’ pictorial ode to the idyllic beauty of the Balinese women shows a group of beautiful women elegantly balance baskets of fruit on their heads, swathed in brightly colored sarongs. South American artists performed exceedingly well as Ecuadorian artist Oswaldo Guayasamín’s Quito en rojo, realized $314,500; Colombian master Edgar Negret’s Mask realized $80,500 and Peruvian artist Fernando de Szyszlo’s Paclla Pampa (Campo Desolado), 1969 achieved $182,500 — all world auction records for the artists. Another significant world auction record was established a sculpture by the artist Rufino Tamayo, whose Figura sideral from 1990 realized $494,500.

Virgilio Garza, Head of Latin American Paintings at Christie’s comments: “The market for Latin American art is strong, as proven in our successful sale held on Thursday and Friday. We are pleasantly surprised by the significant prices achieved for Latin American masters who have reaffirmed their status as pioneers of Modernism in the region, such as Mexican artist Miguel Covarrubias. Soaring above its high estimate of $300,000, Covarrubias’ Offering of Fruits for the Temple is considered to be one of the artist’s great masterpieces and has been in a private collection until now. Works of art by South American artists inspired buyers from across the globe. Such works that performed exceedingly include those by Edgar Negret from Colombia, Fernando de Szyszlo from Peru and Oswaldo Guayasamín from Ecuador.”

In addition to Covarrubias, new world auction records were achieved for the following artists:
• Julio Larraz (Cuban, b. 1944), Bingham at Noon, 1996. Price Realized: $326,500
• Oswaldo Guayasamín (Ecuadorian 1919-1999), Quito en rojo. Price Realized $314,500
• Fernando de Szyszlo (Peruvian b.1925), Paclla Pampa (Campo Desolado), 1969. Price Realized: $182,500
• Ricardo Martínez (Mexican 1918-2009), Untitled, 1956. Price Realized: $146,500
• Julio Alpuy (Uruguayan 1919-2009), Paisaje constructivista de Montevideo, 1957. Price Realized: $110,500
• Ernesto Deira (Argentinean 1928-1986), Untitled, 1964. Price Realized: $96,100
• Jorge Jiménez Deredia (Costa Rican b. 1954), Genésis recuerdo profundo, 2005. Price Realized: $86,500
• Alipio Jaramillo (Colombian 1913-1999), Zafra Price Realized: $120,100
• Edgar Negret (Colombian b. 1920), Mask Price Realized: $ 80,500
• Miguel Rio Branco (Spanish/Brazilian b. 1946), Barroco/Novena. Price Realized: $ 37,500
• Isabel de Obaldía (Panamanian b. 1957), Ojos arenados. Price Realized: $17,500
• Nicolás García Uriburu (Argentinian b. 1937), Ombu Price Realized: $74,500
• Rufino Tamayo, (Mexican 1899-1991) Figura sidereal 1990 Price realized: $494,500 * world auction record for a sculpture by the artist*

*Estimates do not include buyer’s premium.



Today's News

May 28, 2011

Christie's Latin American Art Sale Establishes Fourteen New World Auction Records

British Museum Study Shows Britain is an Amateur Treasure Seeker's Paradise

Maya Funerary Offering Found by Archaeologists in Cenote Near Chichen Itza

Richard Long, A Pioneer of Land and Conceptual Art, Exhibits at Haunch of Venison

Sotheby's Russian Art Auctions to be Led by Important Group of Paintings by Vereschagin

For the First Time Ever, National Gallery Painting by Van Gogh Comes to Life

After 10 Years, Astronomers Unveil Most Complete 3-D Map of Local Universe

Many Artists at ART HK International Art Fair Revel in Freedom to Support Ai Weiwei

LACMA Presents 32 Images of Elizabeth Taylor in Iran: Photographs by Firooz Zahedi

The MFA Houston Selects Three Architecture Firms to Submit Design Proposals for an Expanded MFAH

Newly Revitalised Learning Spaces Open at Tate Modern Alongside the Turbine Hall

Cooper-Hewitt Announces Winners and Finalists of the 12th Annual National Design Awards

Sotheby's London to Sell Newly Discovered Gustav Mahler's Personal Copy of Third Symphony

Bellevue Arts Museum Honored with 2011 Eastside Business Award

AIA Selects the 2011 Recipients of the Small Project Awards

Unabomber Manifesto Draws $17,500 Bid Online

Some of Last Madoff Items Set for Florida Auction

Argentina Intercepts Mailed Pre-Inca Mummy, Skulls

Sotheby's Latin American Art Sales Total $26.9 million

Blackbeard's Anchor Recovered Off NC Coast

Most Popular Last Seven Days



1.- Newly discovered Imperial Fabergé Easter egg: A critical note from a Fabergé collector

2.- Tate opens most comprehensive exhibition ever devoted to Matisse's paper cut-outs

3.- First North American survey of the work of Ai Weiwei opens at Brooklyn Museum

4.- The importance of sky studies in landscape art is the subject of the first exhibition in a new Morgan series

5.- Beautiful Bentleys and a 'Rambo Lambo' amongst highlights for sale at Bonhams

6.- Retrospective is the first to encompass Sigmar Polke's works across all mediums

7.- Exhibition presents 100 top-class masterpieces from the collection of the Albertina

8.- Lost treasure found after almost 100 years: Wartski exhibits missing Fabergé egg

9.- Getty Research Institute in Los Angeles acquires a rare 16th century "Book of Friends"

10.- Exhibition of masterpieces from the Austrian Habsburg dynasty brings imperial splendor to the U.S.



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site