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Christie's Spring Season of Latin American Art, totals $31,258,125
Rufino Tamayo (1899-1991), Los Comediantes, 1986. Oil on canvas. Sold for: $1,572,500. © Christie’s Images Limited 2018.


NEW YORK, NY.- Christie’s Latin American Art live auction totaled $19,492,375 with 85% sold above the low estimate across the two sale sessions May 23-24. Active in-room, phone, and online participation was seen from established collectors to new buyers with registered bidders across 36 countries, spanning the Americas, Asia, and Europe. Together with the Latin American works included in The Collection of Peggy and David Rockefeller, the spring season for the category thus far totals $31,258,125, with the online sale continuing through May 30.

The top lot of the sale was Rufino Tamayo (1899-1991), Los comediantes, painted in 1986, from the Private Collection of Marta and Placido Domingo, which realized $1,572,500, against a low estimate of $800,000. Strong results were achieved for select works by Fernando Botero (b. 1932) across various media, with his landmark painting Mona Lisa painted in 1959, realizing $1,032,500; the large scale sculpture Reclining Woman, executed in 2002, realizing $1,068,500; and a table-top sculpture Little Bird, executed in 1988 from the Collection of Joan and Preston Robert Tisch, more than doubling its estimate, selling for $444,500. Exceptional prices were realized for colonial works, which were 100% sold and witnessed deep bidding across all lots offered, including Juan Francisco de Rosa’s Virgen del Rosario, which sold for $372,500, more than 30x its estimate.

Within the sale, world auction records were set for artists Agustín Cárdenas, Augusto Torres, Roberto Fabelo, Los Carpinteros, Olga Albizu, and Juan Francisco de Rosa. Earlier this season, Latin American works from The Collection of Peggy and David Rockefeller, greatly surpassed initial estimates with Diego Rivera’s The Rivals, setting a new auction record for the category, selling for $9,762,500, and Fernando Botero’s Oranges, realizing $1,872,500, establishing the record for a still-life by the artist.

Virgilio Garza, Head of Latin American Art: “The strong results witnessed this season reinforce the global appetite for Latin American art from colonial works through contemporary art and secures Christie's market leadership for the category. Christie’s remains committed to the field and the department will continue to offer dynamic auctions spanning all periods of Latin American Art, utilizing our ever-growing online platform and private sales program to enhance our traditional sales strategy. In addition to dedicated auctions, we are honored to feature masterpiece works within stand-alone collections, headlined this season by the exceptional prices achieved for Latin American works from the Rockefeller Collection, led by Diego Rivera’s masterpiece, The Rivals, which sold for a record-breaking $9.76 million, the highest price paid for any Latin American artist at auction, and Fernando Botero’s Oranges, which sold for $1.87 million, more than six times its low estimate establishing the record for a still-life by the artist.”

This season’s offering of Latin American art continues with a painting by Fernando Botero, Dancers, included in the upcoming Contemporaries: Voices from East and West Evening Sale on May 26 in Hong Kong and the Latin American Art online sale continues through May 30.





Today's News

May 25, 2018

Museum of London showcases rare Roman sarcophagus in first public display

Middelheim Museum Antwerp acquires a Bruce Nauman masterpiece

Paul Kasmin Gallery announces representation of the Estate of Stuart Davis

Kunsthaus Zurich to receive the collection of Gabriele and Werner Merzbacher

Pinakothek der Moderne marks the anniversary of the second edition of Giorgio Vasari's 'Vite'

Christie's Spring Season of Latin American Art, totals $31,258,125

A major work by Kees van Dongen to be offered for the first time at auction

The collection of one of Australia's most avid collectors and generous patrons to be auctioned by Bonhams Australia

Fondazione Prada opens 'Machines à penser' in Venice

American Art achieves $43.3 million at Sotheby's NY; PAFA privately acquires Frederic Edwin Church masterpiece

Werner Büttner exhibition occupies both floors of Marlborough's Mayfair gallery

Phillips announces highlights from the June Design Auction in New York

Australian artist Jonathan Zawada transforms the Sydney Opera House for Vivid Sydney

International Museum of World War II opens women in WWII exhibit

Milwaukee Art Museum hires Alissa Karl as Chief Financial Officer

Museum der Moderne Salzburg opens a comprehensive retrospective of the oeuvre of Marisa Merz

Peter Doig curates exhibition about the Windrush generation and police brutality in the 80's

Cummer Museum of Art & Gardens opens 'Storytelling: French Art from the Horvitz Collection'

Anton Kern Gallery opens exhibition of works by Bendix Harms

Antwerp Art Weekend 2018: Highlights

Jack Hanley Gallery exhibits ceramic vessels from the past six years by Roger Herman

Spotlight shines on rare Hermès Birkin handbag styles at Heritage Auctions

Works attributed to Frankenthaler, Zao Wou-Ki, Sargent headline Woodshed's June 7th auction

Einstein manuscript & presidential autograph collection up for auction

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