• Press release
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  • New York
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  • For immediate release
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  • 30 July 2020

RESULTS | Christie's Latin American Art achieves $13.9M | 30 July 2020

WIFREDO LAM, Femme Cheval, oil on canvas, 50 13/16 x 38 7/16 in. Price Realized: $2,415,000

Results – Christie’s New York July 30th live auction of Latin American Art totaled $13,987,125 with global participation with clients registered from 5 continents.

The sale was led by Wifredo Lam, Femme Cheval, which achieved $2,415,000. Additional top lots of the sale include: Rufino Tamayo, Dos amantes contemplanado la luna, which realized $2,295,000; Alfredo Ramos Martinez, La India, which sold for $939,000; and Fernando Botero, Horse, which achieved $591,000.

The selection of Spanish colonial works also performed well with bidding from several institutional and private clients.  A painting by Luis de Riaño, Saint Michael Archangel, achieved $495,000, over 12 times the low estimate of $40,000; Anonymous (Peruvian School, early 18th century), Nuestra Señora de Copacabana, sold for $250,000, over eight times the low estimate of $30,000; and Anonymous (Cuzco School, 18th century), Adoration of the Shepherds, realized $137,500, over nine times the low estimate of $15,000.

Four new artist records were achieved during the auction:

The Latin American Art Online sale continues through August 4 and features a diverse selection of regional modern and contemporary art in a range of accessible price points, including artists such as Rufino Tamayo, Francisco Zúñiga, Julio Alpuy and more.

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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).

Christie’s auctions span more than 80 art and luxury categories, at price points ranging from $200 to over $100 million. Christie’s has sold 8 of the 10 most important single-owner collections in history, including the Paul G. Allen Collection—the most valuable collection ever offered at auction (November 2022). In recent years, Christie’s has achieved the world record price for an artwork at auction (Leonardo da Vinci’s Salvator Mundi, 2017), for a 20th century artwork (Andy Warhol’s Shot Sage Blue Marilyn, 2022) and for a work by a living artist (Jeff Koons’ Rabbit, 2019). 

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