"Fernando Botero". 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. So, as far as Latin American art is concerned, Sotheby’s is now the auction house to watch. 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. But tonight, as … Latin American Modern blue-chip art historically sells for $1-$4 million. 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 Sotheby’s began integrating works from its standalone Latin American sales into other categories, beginning with contemporary art, nearly three years ago. click here. Augie has had a long and distinguished career at … 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. The collector base for the Latin American art auction market is no longer made of Latin American, American, and Europeans bidders. *** 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. 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 … "Fernando Botero: A Celebration," which went off on the evening of May 25, 2011, featured 21 lots by the 79-year-old Colombian artist. Since 1981 Christie’s Latin American Art Department has offered exceptional works by Spanish Colonial, 19th-Century, Modernist and Contemporary masters who … The results were 32.8% lower than those of November 2016 and the lowest since the second half of 2012. But Pacific Standard Time: LA/LA is making one of the most compelling cases so far. Featured Image: Wifredo Lam, Les oiseaux voiles, 1945. ***Julia Halperin. It was a trap easy to escape had they learned from competitors. 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. 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. 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. Together with our European, Asian, and Latin American specialists and executives, they comprise the world’s largest salesforce of Latin American Art. Receive the best from Sotheby’s delivered to your inbox. Lot 8, "Cabeza de Hombre," by David Alfaro Siqueiros, pyroxylin on copper, 14 1/4 by 12 inches, 1935 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. 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 Stay informed with Sotheby’s top stories, videos & news. So, then what is new and exciting about this move? Highlighted artists include Diego Rivera, Emiliano Di Cavalcanti, Amelia Peláez, Joaquin Torres-García, and more. 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. 19/46) were sold for $1.5 million. 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. Their aggregated catalogue can easily sum more than 600 lots ranging from modern and contemporary art to colonial painting and furniture. This fall, Sotheby’s Latin American Art Department commemorates its 35th Anniversary with a selection of leading Latin American artists from the 20th century. American Furniture, Decorative Art & Folk Art Of these bidders, 61% were new bidders to the Latin American Art category. 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. 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. Carmen Melián is the founder and director of the international arts advisory firm Melián Arts. We have engaged over 580 bidders from 51 countries to compete for Latin American Art in our Global Fine Art sales. 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. Sotheby’s spring sale of Latin American art with, a special emphasis on landscapes will take place on May 27 and 28. Wählen Sie aus erstklassigen Inhalten zum Thema Sothebys Latin American Art Preview in About Joined Sotheby's as Latin American Art Specialist in 2014 after more than fifteen years of combined art advisory and auction house experience. If you wish to enquire about offering your Latin American artwork for sale with Sotheby’s, please 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. Artsy presents Sotheby’s: Latin America – Modern Art, featuring exemplary works from the region spanning the first half of the 20th century. The market size for “Latin America's wealthiest and most recognizable artist” was only a tenth of Richter’s. With one record-breaking session after another, it almost feels like bidders have nothing else left to spend on Latin American art. The house is surely expecting to realize better prices. ** 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”. Sotheby’s has unexpectedly become the most promising possibility for Latin American art in the auction rooms. Sotheby’s latest move is a recognition of the international appeal that the category has earned since 1979. 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. 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 shift seems to acknowledge this. “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. 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. “The collector came to Sotheby’s in 2010 to browse Latin American art prior to an auction,” the lawsuit says. Axel Stein Fine Arts, LLC. 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. You can unsubscribe from Sotheby’s emails at any time by clicking the “Manage your Subscriptions” link in any of your emails. The department also hosts a variety of online only auctions and consignments are welcome for all sales on a rolling basis. Latin American art has seen significant changes in buyer composition over the past five years. The regional sales are often held only a few days after the Contemporary auctions. 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. Sotheby's will bring $22 million in Latin American art to its marquee auctions this June. 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. He was promoted to head the Contemporary Art Department in … By subscribing you are agreeing to Sotheby’s Privacy Policy. 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. The auction calendar in New York has not helped the Latin American market. Sultan is known for being a collector of Latin American and contemporary art. 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. The main auction houses’ quantity-rather-than-quality approach has also punished the category for some time. We have yet to see how Christie’s and Phillips will respond to Sotheby’s new approach. The artist who created the piece is unknown. Despite critical oversight, the demand for Botero's work is only growing, says Carmen Melián, director of Sotheby's Latin American department. 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