POST-SALE RELEASE: LATIN AMERICAN ART TOTALS $21,325,625 AT CHRISTIE’S NEW YORK

New York

  • THE AMERICAS SOCIETY VISUAL ARTS DEPARTMENT ENDOWMENT BENEFIT REALIZES $687,000 
  • BRAZILIAN CONTEMPORARY ARTISTS LEAD DAY SALE
  • STRONG RESULTS ACHIEVED FOR PRIVATE COLLECTIONS

New York – Christie’s Latin American Art sale on May 29 and 30 achieved $21,325,625 (£14,074,913 / €16,420,731), selling 72% by lot, 75% by value and setting 9 new world auction records. With over eleven countries represented among the artists, bidders from throughout the Americas, Europe and Asia vied for works ranging from monumental sculptures from established artists like Fernando Botero to offerings from 1950s avant-garde movements by Brazilian modernists.  

Candido Portinari’s Meninos soltando pipas realized $1,443,750 and remained the top lot of the sale and established a new world auction record for the artist. Throughout the sale, works at both the top end and the middle market level performed consistently well and several pieces in the sale demonstrated the strength of the Latin American market. In addition to Brazilian contemporary artists, South American classical artists such as Alejandro Obregón, Fernando Botero, Oswaldo Vigas, and Armando Morales injected enthusiasm into the saleroom, affirming their importance in the market.

Strong results were achieved From the Collection of Dr. Ruiz Bethoven do Amaral and Property from a Distinguished Collection. A new world auction record was established for Milton Dacosta’s Figura tripling its pre-sale estimate to realize $171,750. Furthermore, three works by Alfredo Volpi were among the top ten lots of the two-say sale, furthering the strength of the artist’s presence at auction.

Virgilio Garza, Head of Latin American Art, commented: “The day sale continued with great successes ending in a fantastic sale overall. We were thrilled to have achieved such a strong total for the Americas Society Foundation, a partnership we look forward to continuing. While Brazilians led the sale, I was excited to see Botero drawings and sculpture maintained a significant stance in the sale along with other South American artists.”

NEW AUCTION RECORDS

Candido Portinari (Brazilian 1903-1962), Meninos soltando pipas, 1941, oil on canvas

Price realized: $1,443,750

WORLD AUCTION RECORD FOR THE ARTIST

Tilsa Tsuchiya (Peruvian 1932-1984), Mujer volando, 1974, oil on canvas

Price realized:  $339,750

WORLD AUCTION RECORD FOR THE ARTIST

Remedios Varo, Visita al pasado, 1957, graphite and pigment on paper

Price realized: $291,750

WORLD AUCTION RECORD FOR THE ARTIST FOR A WORK ON PAPER

Francisco Narváez, Untitled, ebony

Price realized: $267,750

WORLD AUCTION RECORD FOR THE ARTIST

Milton Dacosta (Brazilian 1915-1988), Figura, 1954, oil on canvas

Price realized: $171,750

WORLD AUCTION RECORD FOR THE ARTIST

Oswaldo Vigas (Venezuelan b. 1926), Guardiana, 1967, oil on canvas

Price Realized: 111,750

WORLD AUCTION RECORD FOR THE ARTIST

Djanira (Brazilian 1914-1979), Piano e violin, 1960, oil on canvas

Price Realized: $52,500

WORLD AUCTION RECORD FOR THE ARTIST

Miguel Ángel Rojas (Colombian B. 1946), David #4, 2005, digital print mounted on board

Price Realized: $18,750

WORLD AUCTION RECORD FOR THE ARTIST

Valdirlei Dias Nunes (Brazilian b.1969), a.) Untitled, 2001, oil on canvas

Price Realized: $11,875

WORLD AUCTION RECORD FOR THE ARTIST

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.