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  • Press release
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  • New York, Rockefeller Center
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  • For immediate release
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  • 23 November 2016

RESULTS: Latin American Art in New York totals $22,761,500

NINE WORLD AUCTION RECORDS

STRONG RESULTS FOR CUBAN WORKS

REGISTERED BIDDERS FROM 36 COUNTRIES

The Latin American Art sale totaled $22,761,500 with active in-room, phone, and online participation with registered bidders across 36 countries. The top lot of the sale was Rufino Tamayo’s (1899-1991) Sandias, from The Lewin Family Collection, which sold for $2,167,500. Notable highlights included Fernando Botero’s A Family, from the Collection of Ruth and Jerome Siegel, which realized $1,267,500; and Sergio Camargo’s Untitled, which realized $1,507,000.

NINE WORLD AUCTION RECORDS:

There were nine world auction records including three for contemporary Latin American artists, Pablo Atchugarry (b. 1954), Guillermo Kuitca (b. 1961), and Esterio Segura (b. 1970), with six new records achieved for Cuban modernists, Mariano Rodriguez (1912-1990), Fidelio Ponce de León (1895-1949), Carlos Enríquez (1900-1957), René Portocarrero (1912-1985), Victor Manuel (1897-1969), and Domingo Ramos (1894-1956).

CUBA MODERNA: Masterworks from a Private Collection:

Strong results were realized for the single-owner collection of Cuban works totaling $3,264,000 with 16 works sold. Six artist records were achieved, led by Mariano Rodriguez’s Pelea de gallos, which sold for $1,087,500, and many works exceeded initial estimates, such as Carlos Enríquez’s Héroe criollo, which realized $967,500, more than doubling the low estimate of $400,000.

Virgilio Garza, Head of Latin American Art, remarked: “Strong results were realized for the single-owner collection of Cuban works with active bidding resulting in many lots more than doubling initial estimates. This sale represents a comeback for modern Cuban painting, setting six new artist records that were established decades ago. There was a range of prices realized showing a broad interest in the category from new buyers to established collectors. We were very pleased to see impressive prices achieved across the exceptional private collections, as seen with Rufino Tamayo’s Sandías from the Lewin Family Collection, which exceeded the high-estimate and was the sale’s top lot.”

The Latin American Art online auction continues through December 1.

About Christie’s

Christie’s, the world's leading art business, had global auction, private and digital sales in 2016 that totalled £4 billion / $5.4 billion. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Christie’s offers around 350 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War & Contemporary, Impressionist & Modern, Old Masters and Jewellery.

Christie’s has a global presence in 46 countries, with 12 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, Shanghai, and Mumbai.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and are reported net of applicable fees.