RESULTS - Latin American Art

New York

 Latin American Art

 New York, 28 May 2014, Sale #2853

[All sold prices include buyer’s premium]

 

187 lots sold

Total: $17,614,500/£10,568,700/€13,034,730

84% sold by value 

245 lots offered

£0.60= $1 / €0.74=$1

76% sold by lot

Lot

Description

Estimate ($)

Price Realized

Buyer

56

Joaquín Torres-García (Uruguayan 1874-1949), Composition TSF (also known as Constructivo Universal), oil on canvas, painted in 1931.

1,000,000 - 1,500,000

$1,565,000

£939,000

€1,158,100

South American Private

11

 

Fernando Botero (Colombian b. 1932), Man Going to Work (Hombre yendo a la oficina), oil on canvas, painted in 1969.

 

1,200,000 - 1,800,000

$1,445,000

£867,000

€1,069,300

US Private

79

Ernesto Icaza (Mexican 1866-1935), A group of Twelve Charro Paintings, oil on canvas laid on board, painted in 1945.

WORLD AUCTION RECORD FOR THE ARTIST

550,000 - 750,000

$905,000

£543,000

€669,700

Private

148

Rufino Tamayo (Mexican 1899-1991), Dialogue, oil and marble dust on canvas, painted in 1974.

400,000 - 600,000

$845,000

£507,000

€625,300

Mexican Private

102

Rufino Tamayo (Mexican 1899-1991), The Frog, oil and sand on canvas, painted in 1946.

400,000 - 600,000

$605,000

£363,000

€447,700

South American Private

217

Alfredo Volpi (Brazilian 1896-1988), Fachada, tempera on canvas, painted circa 1959.

350,000 - 450,000

$581,000

£348,600

€429,940

Anonymous

89

Rufino Tamayo (Mexican 1899-1991), Mujer con sandía, gouache on paper, executed in 1939.

WORLD AUCTION RECORD FOR THE ARTIST FOR A WORK ON PAPER

400,000 - 600,000

$473,000

£283,800

€350,020

South American Private

43

 

Fernando Botero (Colombian b. 1932), The Model, watercolor and graphite on paper, executed in 2002.

 

150,000 - 200,000

$413,000

£247,800

€305,620

South American Private

4

Cândido Portinari (Brazilian 1903-1962), Favela, oil on panel, painted in 1957.

120,000 - 180,000

$365,000

£219,000

€270,100

South American Private

103

Alfredo Ramos Martínez (Mexican 1871-1946), Floripondios, gouache, pastel and charcoal on board.

60,000 - 80,000

$329,000

£197,400

€243,460

South American Private

Virgilio Garza, Head of Latin American Art, commented: “From influential artists such as Joaquín Torres-García, Rufino Tamayo, and Fernando Botero, to some of Brazil's most influential figures of the 20th and 21st centuries, the auction reflected the strength of the current market for Latin American art. The demand for works of all mediums by Botero, continued to reach new heights at Christie’s, with 16 out of 19 works by the artist selling to achieve a combined total of $3.4 million.  A record price was set for a work on paper by Rufino Tamayo, with Mujer con sandía realizing $473,000; the work had never been on the public market before, undoubtedly contributing to its appeal to collectors.  New world auction records were also set for Ernesto Icaza, Alicia Penalba, Tunga, Oswaldo Vigas, Pedro Ruiz, Alexander Apóstol, and Alfredo Zalce.”

PRESS CONTACT: Sung-Hee Park| +1 212 636 2680| spark@christies.com

 

Estimates do not include buyer’s premium.

Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.

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