Post-Sale Release - CHRISTIE’S SALE OF LATIN AMER­ICAN ART TOTALS $18.2 MILLION

New York

 New York – Christie’s sale of Latin American Art achieved $18,240,375 (£11,311,309/€13,574,189), selling 85% by value and 76% by lot.  The top lot of the sale was Mexican artist Rufino Tamayo’s Women Reaching for the Moon, which was sold on behalf of the Cleveland Museum of Art, realizing $1,445,000.

 Virgilio Garza, Head of Latin American Art, remarked, “We are pleased to conclude the Day Session of our fall Latin American Art sale, which continued the great momentum of the evening session, with excellent prices achieved by artists including Nahum B. Zenil, Alexandre Arrechea, Francisco Mejía-Guinand and Daniel Senise. In the same vein as last night’s session, the success of these lots was demonstrative of the significant interest that exists internationally for works by Latin American artists who are fresh to the auction market.”

Notable World Auction Records

 

Rodolfo Nieto (Mexican 1936-1985), Toro, oil on canvas, Painted in 1977

Price Realized: $293,000

World Auction Record for the Artist 

 

Mateo Manaure (Venezuelan b.  1926), Composición No. 1, oil on wood, painted in 1956.

Price Realized: $118,750

World Auction Record for the Artist 

 

Abraham Palatnik, Sequencia Visual S-51 (Brazilian b. 1928), wood, metal, synthetic fabric, light bulbs, and motor, executed circa 1960s.

World Auction Record for the Artist 

 

Tomie Ohtake (Brazilian b. 1913), Untitled, oil on canvas, painted in São Paulo in 1979.

Estimate: $40,000-60,000

World Auction Record for the Artist 

Miguel Ángel (Columbian b. 1946), Rojas, Amazon seeds on rubber and aluminum, executed in 2003.

Estimate: $35,000-45,000

World Auction Record for the Artist

Alexandre Arrechea (Cuban b. 1970), Flatiron, watercolor and graphite on paper, Executed in New York in 2012.

Price Realized: $16,250

World Auction Record for the Artist

About Christie’s

Founded in 1766, Christie’s is a world-leading art and luxury business. Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie’s offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education. Christie’s has a physical presence in 46 countries, throughout the Americas, Europe, Middle East, and Asia Pacific, with flagship international sales hubs in New York, London, Hong Kong, Paris and Geneva. It also is the only international auction house authorized to hold sales in mainland China (Shanghai).

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