RELEASE: CHRISTIE’S PRESENTS THE AMERICAS SOCIETY VISUAL ARTS DEPARTMENT ENDOWMENT BENEFIT ART AUCTION

FEATURING WORKS BY SOTO, RIVERA, AND CRUZ-DIEZ PROCEEDS TO BENEFIT THE AMERICAS SOCIETY’S VISUAL ARTS DEPARTMENT

New York

New York – Christie’s and the Americas Society are pleased to present The Americas Society Visual Arts Department Endowment Benefit Art Auction on May 29 and 30, 2013.  The auction will include a selection of 34 works donated to the Americas Society that will be offered in conjunction with the Christie’s Latin American Evening and Day sales.  The sale features artists who have exhibited at the Americas Society throughout its stellar history and making their first appearance at auction.  All proceeds from the sale will benefit the creation of an endowment for the Society’s Visual Arts program.

We look forward to the expanded opportunities this auction will bring to the Visual Arts department, which owes its existence to visionary collectors and artists who contributed their generous support and creativity to insert Latin American Art into the international discourse. We are particularly grateful to the Chairs of this project: Patricia Phelps de Cisneros, Carlos Cruz-Diez, and Sharon Schultz Simpson, and to the artists, collectors, galleries, and donors who generously contributed to support this initiative. To all of them: ‘gracias’.” - Americas Society and Council of the Americas President and CEO Susan Segal.

Works by three exceptional artists will be among the highlights of the evening session – Diego Rivera’s Returning from the Market (pictured above; center); Carlos Cruz-Diez’s Physichromie No. 1601 (pictured above; left), and Jesús Rafael Soto’s Petit carré rouge (pictured above; right).

Diego Rivera’s Returning from the Market, was donated by noted philanthropist, collector, and Americas Society founder, David Rockefeller (estimate: $60,000-80,000). This watercolor represents a scene from Chalchicomula where a man carries home a heavy load at the end of the workday.  The enormous rolled-up mat, bundle, and diagonals that compress and enclose the figure dramatize the subject’s oppressed condition.

Carlos Cruz-Diez’s Physichromie No. 1601 was donated by the Aterlier Cruz-Diez in Paris (estimate: $60,000-80,000).  The artist has said: “Color is a situation which evolves…” The dazzling display of the vitality of color in Physichromie offers the viewer a sensual and cerebral experience, and exemplifies how Cruz-Diez employs line and color to create an optical illusion that challenges the viewer.

Jesús Rafael Soto’s Petit carré rouge was donated by Patricia Phelps de Cisneros, one of the Chairs of this benefit auction (estimate: $200,000-300,000). Born in Ciudad Bolivar in 1923, the Venezuelan artist Jesús Rafael Soto settled in Paris in 1950 and immediately became immersed in the study of pure non-figurative art as seen through the work of such modern masters as Mondrian and Malevich.  Today Soto is considered one of the leading exponents of geometric abstraction, kinetic, and op art.

About Americas Society

AS is the premier forum dedicated to education, debate, and dialogue in the Americas. Its mission is to foster an understanding of the contemporary political, social, and economic issues confronting Latin America, the Caribbean, and Canada, and to increase public awareness and appreciation of the diverse cultural heritage of the Americas and the importance of the inter-American relationship.

The Americas Society is the prime organizer of a diverse range of events such as exhibitions, publications, public programs that incite a dialogue around key issues by offering a platform for intellectual exchange. AS’s hemispheric approach allows them to extend their outreach beyond the artistic material, to audiences that seek to actively engage in a challenging and innovative discourse.

In the past 40 years the Americas Society has played a unique role in exploring the cultural evolution during the postwar period in Latin America and, to a more limited extent, in Canada by examining artistic platforms via a comprehensive visual arts exhibition program. It has been committed to broaden the awareness of groundbreaking artistic approaches and risks amongst its followers by presenting rigorously curated shows. Some worth mentioning are: Gego Reticularia 1969, and the current Gego: Origin and Encounter, Mastering and Space; Traffic Patterns by Jennifer Allora and Guillermo Calzadilla, 2003 and the Carlos Cruz Diez Chromosaturation (In)formed by Color, 2008. Complementing the Visual Arts programming the Americas Society also embarks in extensive programing in music and literature.

About Christie’s

Christie’s is a name and place that speaks of extraordinary art, unparalleled service and international expertise. Founded in 1766 by James Christie, Christie's has conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. 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 clients and online sales are offered year-round across all categories. Christie’s global presence is spread across a network of international salerooms and 61 representatives and offices. Christies.com provides detailed articles and videos on the objects offered for sale alongside the latest advances in digital viewing tools to make Christie’s accessible to all.

*Please note when quoting estimates above that other fees will apply in addition to the hammer price - see Section D of the Conditions of Sale at the back of the sale catalogue.

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