Most recently, at the May Contemporary Art Evening sales, Mira Schendel’s Untitled from the series Droguinhas (Little Nothings) (1966), and Sergio Camargo’s Untitled (Relief No. Finden Sie perfekte Stock-Fotos zum Thema Sothebys Latin American Art Preview sowie redaktionelle Newsbilder von Getty Images. Photo: Courtesy of Sotheby’s The failure to sell these two key works was largely responsible for the total reaching $17.6 million, just a little more than half its $30 million presale estimate. "Fernando Botero: A Celebration," which went off on the evening of May 25, 2011, featured 21 lots by the 79-year-old Colombian artist. Latin American Art Latin Masters Diego Rivera, Rufino Tamayo and José Clemente Orozco Now on View Outstanding Latin American Results Lead the Market with $20 Million Sold Over Four Days The main auction houses’ quantity-rather-than-quality approach has also punished the category for some time. Sotheby’s spring sale of Latin American art with, a special emphasis on landscapes will take place on May 27 and 28. The regional sales are often held only a few days after the Contemporary auctions. May 2012 issue. Sotheby’s began integrating works from its standalone Latin American sales into other categories, beginning with contemporary art, nearly three years ago. “The collector came to Sotheby’s in 2010 to browse Latin American art prior to an auction,” the lawsuit says. Over the years, the American Art department at Christie’s has set more than 100 world records at auction, achieving record prices for important names ranging from … Their aggregated catalogue can easily sum more than 600 lots ranging from modern and contemporary art to colonial painting and furniture. Despite critical oversight, the demand for Botero's work is only growing, says Carmen Melián, director of Sotheby's Latin American department. ***Julia Halperin. Sotheby's will bring $22 million in Latin American art to its marquee auctions this June. Sotheby's major American Art auctions are held in May and November in New York. Prices like these would reflect works of inferior quality by artists such as Jean-Michel Basquiat or Gerhard Richter. August Uribe has been appointed Head of Sotheby's Impressionist & Modern Art Department in New York. Since the integration of the category, Sotheby’s has continued to offer outstanding paintings, drawings, and sculptures by Diego Rivera, Rufino Tamayo, Frida Kahlo, David Alfaro Siqueiros, Joaquín Torres-García, Wifredo Lam, Matta, Remedios Varo, Leonora Carrington, Alice Rahon, Francisco Toledo, Fernando Botero, Claudio Bravo, Fernando de Szyszlo, Mario Carreño, Mariano Rodríguez, Armando Reverón, Angel Zárraga,Emilio Pettoruti, Cândido Portinari, Miguel Covarrubias, Carlos Cruz-Diez, Jesús Rafael Soto, Antonio Dias, Julio Le Parc, Jorge Eielson, Almir Mavignier, León Ferrari, Sarah Grilo, Oswaldo Guayasamín, Ricardo Martínez, Sandú Darié, Gego, Olga de Amaral, Loló Soldevilla, Mercedes Pardo, Gerd Leufert, Lygia Clark, Mira Schendel, Luis Tomasello, Oswaldo Vigas, and more. While at Sotheby’s, Anthony held senior positions in the Print, Latin American and Contemporary Art Departments. If you wish to enquire about offering your Latin American artwork for sale with Sotheby’s, please Latin American Modern blue-chip art historically sells for $1-$4 million. “The Bird Charmer” by Rufino Tamayo was sold for $4.3 million on Thursday at Sotheby’s Latin American art auction in New York. There are quite a few excellent paintings and sculptures, and the focus on landscapes does provide an alternative In recent seasons, we have demonstrated key financial advantages to this approach that have consistently achieved exceptional results for our consignors. **Sotheby’s acknowledged the recent changes in the demographic of buyers of Latin American art in the press releases for May’s Latin American auction sales in 2012. As a result, bought-in rates for the category are as high as 35% (against 4% for the NY evening auction sales), and up to 80% of lots sell below the low estimates (against less than 40% in the main sales). This strategy engages an increasingly broad group of clients, many of whom collect works across categories to add to their collections. By subscribing you are agreeing to Sotheby’s Privacy Policy. It was a trap easy to escape had they learned from competitors. However, it does not represent a complete break. In advance of the auction, browse lots and place max bids before live bidding begins on November 21st at 2:00pm ET. Every season, our dedicated Latin American Art specialists spearhead a global commitment to maximizing the visibility of the category within our marquee and mid-season New York sales, as well as within our biannual Evening and Day Sales in London, Paris, Milan, and Hong Kong. The Latin American Art Department at Sotheby’s has grown from a predominantly Mexican art section offered within our Modern Art sales, to world renowned biannual auctions that include over 200 years of artistic tradition in the region. The 60 1/4 by 50 1/4 inch (153 x 128 cm) oil on canvas was sold a day after another impressive work by the Mexican artist, “Músicos,” didn’t find a buyer at Christie’s. *** In another unexpected development, Russian buyers bought works by Fernando Botero and Wifredo Lam at the Christie’s Latin American sales in New York in 2014. Beyond reiterating the contributions made by Latin American artists to modern and contemporary art history, the series examines the possibility that their art often anticipated or developed alongside the mainstream art movements rather than being a consequence of them. But, if the “best” lots go to the contemporary art auctions, it may send the signal that the regional sales are more of a second-rate market. NEW YORK (AP) — "The Bird Charmer" by Rufino Tamayo was sold for $4.3 million on Thursday at Sotheby's Latin American art auction in New York. Stay informed with Sotheby’s top stories, videos & news. After the sale, Kristen Hammer of Sotheby's Latin American Art Department said in an interview that the wonderful portrait may have sold for less because it was not signed. In a 2012 study, I found that the total auction turnovers in 2011 for the markets of Fernando Botero and Gerhard Richter – both born in 1932 and both leading artists in their respective markets – were $17.5 million and $175.7 million, respectively. Strong results for more conceptual artists like Lygia Clark, whose iconic Bichos crossed the $1 million mark in November 2013 and May 2014 Latin American sales, was a sign that some of the region’s artists were ready to transition into the mainstream auction market. Sotheby’s Latin American Art Department is holding its first sale on the Internet on SOTHEBYS.COM, concurrent with the live auctions. We have engaged over 580 bidders from 51 countries to compete for Latin American Art in our Global Fine Art sales. Other works include Rufino Tamayo’s Madre Feliz (1949), valued with a … The market size for “Latin America's wealthiest and most recognizable artist” was only a tenth of Richter’s. So, as far as Latin American art is concerned, Sotheby’s is now the auction house to watch. We have yet to see how Christie’s and Phillips will respond to Sotheby’s new approach. The collector base for the Latin American art auction market is no longer made of Latin American, American, and Europeans bidders. Every season, our dedicated Latin American Art specialists spearhead a global commitment to maximizing the visibility of the category within our marquee and mid-season New York sales, as well as within our biannual Evening and Day Sales in London, Paris, Milan, and Hong Kong. * A further look at the segment of Modern art shows that works by Roberto Matta and Wifredo Lam also realize prices significantly below those of their American and European counterparts at auction. The artist who created the piece is unknown. About Joined Sotheby's as Latin American Art Specialist in 2014 after more than fifteen years of combined art advisory and auction house experience. But Pacific Standard Time: LA/LA is making one of the most compelling cases so far. The 60 1/4 by 50 1/4 inch (153 x 128 cm) oil on canvas was sold a day after another impressive work by the Mexican artist, "Músicos," didn't find a buyer at Christie's. Sotheby’s is leading the market with an innovative strategy that accurately reflects the evolving taste of collectors worldwide by becoming the first major auction house to formally integrate Latin American Art into our Global Fine Art auctions. *Francesca Bellini-Joseph, "Cross-fertilisation of growth art markets: Latin America meets the Middle East", (master’s dissertation, Sotheby’s Institute of Art, 2012). “It’s a magnificent painting from Tamayo’s most important period,” Axel Stein, head of Sotheby’s Latin American Art department, told The Associated Press. The region’s art is a relatively affordable alternative, as the top end of the US and European market becomes too pricey. Of these bidders, 61% were new bidders to the Latin American Art category. The results were 32.8% lower than those of November 2016 and the lowest since the second half of 2012. The Latin American team will continue to source the lots that will be on offer at the Contemporary auction sales; and we could also assume that lots benefitting from this “upgrade” will be those from blue-chip artists in the race for the million-and-above price tags. This week, Sotheby’s New York will host two sales of Latin American art with lots available for purchase through eBay. This announcement sets a new strategy for the auction house – one of many taken by the company over the past two years, under the leadership of Tad Smith. Previously, she served as Senior Specialist and Director of the Latin American Art Department at Sotheby's New York, and Director of the Nohra Haime Gallery in New York. Axel Stein, Sotheby’s head of department of Latin American Art and senior vice … It is a shift from an established practice dating back to the foundation of their Latin American Art Department in 1979. Receive the best from Sotheby’s delivered to your inbox. Bidding began on May 23rd and will continue through June 16th, 2000, featuring Colonial, Modern and Contemporary works by artists, such as Tomás Sánchez, Ignacio Iturria, Francisco Toledo, Mária Luisa Sotheby’s has unexpectedly become the most promising possibility for Latin American art in the auction rooms. Carmen Melián is the founder and director of the international arts advisory firm Melián Arts. Sultan is known for being a collector of Latin American and contemporary art. click here. Sotheby’s shift seems to acknowledge this. As in the mainstream markets, the value of this category comes from the endorsement of museums and institutional players. Prior to founding his art advisory firm, Axel Stein served as Head of the Latin American Art Department at Sotheby’s where he advised and valued some of the world’s leading collections of Latin American Art. On November 25th, Fernando Botero’s La casa de las gemelas Arias (1973) will lead the Latin American Modern and Contemporary Evening sale to celebrate this occasion. In a long-awaited decision, the auction house announced it will integrate Latin American art into its contemporary auction sales in New York – starting this Autumn. In a costly bet, they substantially increased the number of lots last season (May 2017). ** A group of Asian collectors bought the top three pieces in a single-artist sale of works by Colombian artist Fernando Botero at Sotheby’s in 2012; the house labelled such participation as “unprecedented”. Latin American art has seen significant changes in buyer composition over the past five years. Latin American Art Sotheby's 7 PM, November 16, 2004 Lots 1-57 10:15AM, November 17, 2004 Lots 61-204 Sale 8030 Lot 11, "Maternidad," by Diego Rivera, oil … You can unsubscribe from Sotheby’s emails at any time by clicking the “Manage your Subscriptions” link in any of your emails. Now, Sotheby’s has created the possibility of injecting supply into a drying-out inventory, with art that is heavily supported by museums and institutions and has significant potential to appreciate substantially over time. The auction calendar in New York has not helped the Latin American market. More than any other region, Latin American art has developed in collaboration and close dialogue with the European and American modern and contemporary art movements. It has not been easy for the market to recognize the influential position of Latin American art, at least not in the way that museums and institutions around the globe have for decades. Overall, Sotheby’s Wednesday sale achieved a total of $21.8 million, its highest-ever result for an evening sale of Latin American art. Sotheby’s latest move is a recognition of the international appeal that the category has earned since 1979. Melián tells A.i.A. But tonight, as … La Fugue (La Terreur, La Peur dans la nuit), 19 November 2020 | Sale price: 867,000 USD, 10–19 November 2020 | 12:00 PM EST | New York, 28 October 2020 | Sale price: 1,109,000 USD, 17 November 2020 | Sale price: 365,400 USD, 17 November 2020 | 12:00 PM EST | New York, 17 November 2020 | Sale price: 390,600 USD, 28 October 2020 | Sale price: 830,700 USD, Untitled (Estructura cinética de elementos geométricos), 17 November 2020 | Sale price: 441,000 USD, 17 November 2020 | Sale price: 277,200 USD, 17 November 2020 | Sale price: 315,000 USD, 19 November 2020 | Sale price: 352,800 USD, 19 November 2020 | Sale price: 277,200 USD, 19 November 2020 | Sale price: 201,600 USD, 10–18 November 2020 | 12:00 PM EST | New York, 18 November 2020 | Sale price: 50,400 USD, 18 November 2020 | Sale price: 239,400 USD, 18 November 2020 | Sale price: 176,400 USD, 17 November 2020 | Sale price: 564,500 USD, 17 November 2020 | Sale price: 2,440,000 USD, ALFREDO RAMOS MARTÍNEZ | MARÍA ENTRE LAS FLORES, 28 October 2020 | Sale price: 352,800 USD, 18 November 2020 | Sale price: 403,200 USD, 18 November 2020 | Sale price: 52,920 USD, 18 November 2020 | Sale price: 138,600 USD, 19 November 2020 | Sale price: 176,400 USD, 19 November 2020 | Sale price: 113,400 USD, 19 November 2020 | Sale price: 189,000 USD, Vista del Desfile Conmemorativo de la Revolución de Octubre en Pro de la Paz, Moscú, 7 de octubre 1955, 19 November 2020 | Sale price: 81,900 USD, 19 November 2020 | Sale price: 88,200 USD, Latin American Art Preview, October & November 2020, In Memoriam: A Tribute to Isaac Lif (1927-2019), The Female Pioneers of the Surrealist Movement, The Vanguard Spirit: Modern and Surrealist Masterworks From an Important Estate, A Surrealist Wifredo Lam Painting Belonging to Gabriel García Márquez Comes to Auction, Diego Rivera’s Dream of a Sunday Afternoon, a Surrealist Tableau of Mexican History, Artist Emilia Azcárate’s New Book, The Genealogy of Color, Launches at Sotheby’s, Joaquín Torres-García: A Vision of the Most Ancient Prehistory, Rufino Tamayo’s Sandías: An Iconic Still Life by the Mexican Master, Pop América Opens at the Nasher Museum of Art, Julieta González Carves a New Path at Museo Jumex, The Piece that Started My Collection: Tiqui Atencio, Start Your Latin American Collection with Works by Wifredo Lam, Matta and Joaquín Torres-García. "Fernando Botero". Since 1981 Christie’s Latin American Art Department has offered exceptional works by Spanish Colonial, 19th-Century, Modernist and Contemporary masters who … The department also hosts a variety of online only auctions and consignments are welcome for all sales on a rolling basis. Carlos Slim, Mexico’s wealthiest man, built the Soumaya Museum to display a selection of his vast art holdings, known as the Museo Soumaya Collection. 19/46) were sold for $1.5 million. Wählen Sie aus erstklassigen Inhalten zum Thema Sothebys Latin American Art Preview in Sotheby’s has unexpectedly become the most promising possibility for Latin American art in the auction rooms. Augie has had a long and distinguished career at … Latin American Art covers a very broad spectrum of genres ranging from older religious paintings to early landscapes and a colorful range of modern and contemporary work. offers unrivaled expertise on Modern, Contemporary, and Latin American Art. With one record-breaking session after another, it almost feels like bidders have nothing else left to spend on Latin American art. Together with our European, Asian, and Latin American specialists and executives, they comprise the world’s largest salesforce of Latin American Art. He was promoted to head the Contemporary Art Department in … The solution to decreasing rates of unsold inventory is not fuelling the market with more supply and expecting demand to follow. Lot 8, "Cabeza de Hombre," by David Alfaro Siqueiros, pyroxylin on copper, 14 1/4 by 12 inches, 1935 In a long-awaited decision, the auction house announced it will integrate Latin American art into its contemporary auction sales in New York – starting this Autumn. Especially the Russian-owned boutique auction house, which just lost the privileged position they had earned in this market over the past six years by organizing curated sales and smaller catalogues. Highlighted artists include Diego Rivera, Emiliano Di Cavalcanti, Amelia Peláez, Joaquin Torres-García, and more. "Just thinking of what just happened, of $1 billion of art sold in three short days in New York City is quite a phenomenon," said Axel Stein, head of Sotheby's Latin American department. Sotheby’s has set a starting bid of US $2.8 million and estimates that the screen will fetch a price between $3 million and $5 million. Both Sotheby’s and Christie’s started to spot changes in buyer demographic between the 2011 November and the 2012 May Latin American sales in New York. This fall, Sotheby’s Latin American Art Department commemorates its 35th Anniversary with a selection of leading Latin American artists from the 20th century. And, these are just two examples of many others that have sold in previous seasons. Offering lots of Latin American artists in the mainstream auction sales is not unprecedented, though. Mid-season sales comprising more moderately valued works take place in April and October. Artsy presents Sotheby’s: Latin America – Modern Art, featuring exemplary works from the region spanning the first half of the 20th century. Axel Stein Fine Arts, LLC. Since this integration in 2017, Sotheby’s has set new world auction records for more than 20 of the most important modern and contemporary artists in the category including Wifredo Lam, Remedios Varo, Joaquín Torres-García, Carlos Cruz-Diez, Mario Carreño, Carmen Herrera, and Olga de Amaral. American Furniture, Decorative Art & Folk Art Featured Image: Wifredo Lam, Les oiseaux voiles, 1945. Sotheby’s is also mixed up in another prominent case, the “Bouvier Affair”, which takes its name from the Swiss art dealer Yves Bouvier, who has Not really, though Sotheby’s New York did have a single-owner Botero sale during last week’s three-day set of Latin American art auctions held by Sotheby’s and its rival, Christie’s New York. 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