sotheby's latin american art department

Augie has had a long and distinguished career at … Beyond reiterating the contributions made by Latin American artists to modern and contemporary art history, the series examines the possibility that their art often anticipated or developed alongside the mainstream art movements rather than being a consequence of them. This week, Sotheby’s New York will host two sales of Latin American art with lots available for purchase through eBay. So, then what is new and exciting about this move? Sotheby’s Latin American Art Department is holding its first sale on the Internet on SOTHEBYS.COM, concurrent with the live auctions. He was promoted to head the Contemporary Art Department in … *Francesca Bellini-Joseph, "Cross-fertilisation of growth art markets: Latin America meets the Middle East", (master’s dissertation, Sotheby’s Institute of Art, 2012). The department also hosts a variety of online only auctions and consignments are welcome for all sales on a rolling basis. It has not been easy for the market to recognize the influential position of Latin American art, at least not in the way that museums and institutions around the globe have for decades. Most recently, at the May Contemporary Art Evening sales, Mira Schendel’s Untitled from the series Droguinhas (Little Nothings) (1966), and Sergio Camargo’s Untitled (Relief No. “It’s a magnificent painting from Tamayo’s most important period,” Axel Stein, head of Sotheby’s Latin American Art department, told The Associated Press. Now, Sotheby’s has created the possibility of injecting supply into a drying-out inventory, with art that is heavily supported by museums and institutions and has significant potential to appreciate substantially over time. Every season, our dedicated Latin American Art specialists spearhead a global commitment to maximizing the visibility of the category within our marquee and mid-season New York sales, as well as within our biannual Evening and Day Sales in London, Paris, Milan, and Hong Kong. NEW YORK (AP) — "The Bird Charmer" by Rufino Tamayo was sold for $4.3 million on Thursday at Sotheby's Latin American art auction in New York. Featured Image: Wifredo Lam, Les oiseaux voiles, 1945. Art + Auction. As in the mainstream markets, the value of this category comes from the endorsement of museums and institutional players. Sotheby’s has unexpectedly become the most promising possibility for Latin American art in the auction rooms. It was a trap easy to escape had they learned from competitors. Sotheby's will bring $22 million in Latin American art to its marquee auctions this June. The house is surely expecting to realize better prices. In recent seasons, we have demonstrated key financial advantages to this approach that have consistently achieved exceptional results for our consignors. Carlos Slim, Mexico’s wealthiest man, built the Soumaya Museum to display a selection of his vast art holdings, known as the Museo Soumaya Collection. Other works include Rufino Tamayo’s Madre Feliz (1949), valued with a … Latin American Art Latin Masters Diego Rivera, Rufino Tamayo and José Clemente Orozco Now on View Outstanding Latin American Results Lead the Market with $20 Million Sold Over Four Days Sultan is known for being a collector of Latin American and contemporary art. There are quite a few excellent paintings and sculptures, and the focus on landscapes does provide an alternative As a result, bought-in rates for the category are as high as 35% (against 4% for the NY evening auction sales), and up to 80% of lots sell below the low estimates (against less than 40% in the main sales). August Uribe has been appointed Head of Sotheby's Impressionist & Modern Art Department in New York. Of these bidders, 61% were new bidders to the Latin American Art category. Sotheby’s shift seems to acknowledge this. offers unrivaled expertise on Modern, Contemporary, and Latin American Art. In a costly bet, they substantially increased the number of lots last season (May 2017). This strategy engages an increasingly broad group of clients, many of whom collect works across categories to add to their collections. The artist who created the piece is unknown. ***Julia Halperin. * A further look at the segment of Modern art shows that works by Roberto Matta and Wifredo Lam also realize prices significantly below those of their American and European counterparts at auction. The solution to decreasing rates of unsold inventory is not fuelling the market with more supply and expecting demand to follow. Lot 8, "Cabeza de Hombre," by David Alfaro Siqueiros, pyroxylin on copper, 14 1/4 by 12 inches, 1935 The Latin American Art Department at Sotheby’s has grown from a predominantly Mexican art section offered within our Modern Art sales, to world renowned biannual auctions that include over 200 years of artistic tradition in the region. This fall, Sotheby’s Latin American Art Department commemorates its 35th Anniversary with a selection of leading Latin American artists from the 20th century. Previously, she served as Senior Specialist and Director of the Latin American Art Department at Sotheby's New York, and Director of the Nohra Haime Gallery in New York. ** A group of Asian collectors bought the top three pieces in a single-artist sale of works by Colombian artist Fernando Botero at Sotheby’s in 2012; the house labelled such participation as “unprecedented”. Despite critical oversight, the demand for Botero's work is only growing, says Carmen Melián, director of Sotheby's Latin American department. Sotheby's presents its upcoming auctions, auction results, online catalogues, and specialists insights. American Furniture, Decorative Art & Folk Art Receive the best from Sotheby’s delivered to your inbox. The auction calendar in New York has not helped the Latin American market. "Just thinking of what just happened, of $1 billion of art sold in three short days in New York City is quite a phenomenon," said Axel Stein, head of Sotheby's Latin American department. After the sale, Kristen Hammer of Sotheby's Latin American Art Department said in an interview that the wonderful portrait may have sold for less because it was not signed. But Pacific Standard Time: LA/LA is making one of the most compelling cases so far. It is a shift from an established practice dating back to the foundation of their Latin American Art Department in 1979. We have yet to see how Christie’s and Phillips will respond to Sotheby’s new approach. The market size for “Latin America's wealthiest and most recognizable artist” was only a tenth of Richter’s. However, it does not represent a complete break. Especially the Russian-owned boutique auction house, which just lost the privileged position they had earned in this market over the past six years by organizing curated sales and smaller catalogues. Since the integration of the category, Sotheby’s has continued to offer outstanding paintings, drawings, and sculptures by Diego Rivera, Rufino Tamayo, Frida Kahlo, David Alfaro Siqueiros, Joaquín Torres-García, Wifredo Lam, Matta, Remedios Varo, Leonora Carrington, Alice Rahon, Francisco Toledo, Fernando Botero, Claudio Bravo, Fernando de Szyszlo, Mario Carreño, Mariano Rodríguez, Armando Reverón, Angel Zárraga,Emilio Pettoruti, Cândido Portinari, Miguel Covarrubias, Carlos Cruz-Diez, Jesús Rafael Soto, Antonio Dias, Julio Le Parc, Jorge Eielson, Almir Mavignier, León Ferrari, Sarah Grilo, Oswaldo Guayasamín, Ricardo Martínez, Sandú Darié, Gego, Olga de Amaral, Loló Soldevilla, Mercedes Pardo, Gerd Leufert, Lygia Clark, Mira Schendel, Luis Tomasello, Oswaldo Vigas, and more. “The Bird Charmer” by Rufino Tamayo was sold for $4.3 million on Thursday at Sotheby’s Latin American art auction in New York. Offering lots of Latin American artists in the mainstream auction sales is not unprecedented, though. The 60 1/4 by 50 1/4 inch (153 x 128 cm) oil on canvas was sold a day after another impressive work by the Mexican artist, “Músicos,” didn’t find a buyer at Christie’s. In a 2012 study, I found that the total auction turnovers in 2011 for the markets of Fernando Botero and Gerhard Richter – both born in 1932 and both leading artists in their respective markets – were $17.5 million and $175.7 million, respectively. Together with our European, Asian, and Latin American specialists and executives, they comprise the world’s largest salesforce of Latin American Art. Overall, Sotheby’s Wednesday sale achieved a total of $21.8 million, its highest-ever result for an evening sale of Latin American art. Sotheby’s has unexpectedly become the most promising possibility for Latin American art in the auction rooms. Sotheby’s is also mixed up in another prominent case, the “Bouvier Affair”, which takes its name from the Swiss art dealer Yves Bouvier, who has Mid-season sales comprising more moderately valued works take place in April and October. Strong results for more conceptual artists like Lygia Clark, whose iconic Bichos crossed the $1 million mark in November 2013 and May 2014 Latin American sales, was a sign that some of the region’s artists were ready to transition into the mainstream auction market. Not really, though Sotheby’s New York did have a single-owner Botero sale during last week’s three-day set of Latin American art auctions held by Sotheby’s and its rival, Christie’s New York. click here. “The collector came to Sotheby’s in 2010 to browse Latin American art prior to an auction,” the lawsuit says. Their aggregated catalogue can easily sum more than 600 lots ranging from modern and contemporary art to colonial painting and furniture. But tonight, as … Both Sotheby’s and Christie’s started to spot changes in buyer demographic between the 2011 November and the 2012 May Latin American sales in New York. By subscribing you are agreeing to Sotheby’s Privacy Policy. Over the years, the American Art department at Christie’s has set more than 100 world records at auction, achieving record prices for important names ranging from … And, these are just two examples of many others that have sold in previous seasons. "Fernando Botero: A Celebration," which went off on the evening of May 25, 2011, featured 21 lots by the 79-year-old Colombian artist. La Fugue (La Terreur, La Peur dans la nuit), 19 November 2020 | Sale price: 867,000 USD, 10–19 November 2020 | 12:00 PM EST | New York, 28 October 2020 | Sale price: 1,109,000 USD, 17 November 2020 | Sale price: 365,400 USD, 17 November 2020 | 12:00 PM EST | New York, 17 November 2020 | Sale price: 390,600 USD, 28 October 2020 | Sale price: 830,700 USD, Untitled (Estructura cinética de elementos geométricos), 17 November 2020 | Sale price: 441,000 USD, 17 November 2020 | Sale price: 277,200 USD, 17 November 2020 | Sale price: 315,000 USD, 19 November 2020 | Sale price: 352,800 USD, 19 November 2020 | Sale price: 277,200 USD, 19 November 2020 | Sale price: 201,600 USD, 10–18 November 2020 | 12:00 PM EST | New York, 18 November 2020 | Sale price: 50,400 USD, 18 November 2020 | Sale price: 239,400 USD, 18 November 2020 | Sale price: 176,400 USD, 17 November 2020 | Sale price: 564,500 USD, 17 November 2020 | Sale price: 2,440,000 USD, ALFREDO RAMOS MARTÍNEZ | MARÍA ENTRE LAS FLORES, 28 October 2020 | Sale price: 352,800 USD, 18 November 2020 | Sale price: 403,200 USD, 18 November 2020 | Sale price: 52,920 USD, 18 November 2020 | Sale price: 138,600 USD, 19 November 2020 | Sale price: 176,400 USD, 19 November 2020 | Sale price: 113,400 USD, 19 November 2020 | Sale price: 189,000 USD, Vista del Desfile Conmemorativo de la Revolución de Octubre en Pro de la Paz, Moscú, 7 de octubre 1955, 19 November 2020 | Sale price: 81,900 USD, 19 November 2020 | Sale price: 88,200 USD, Latin American Art Preview, October & November 2020, In Memoriam: A Tribute to Isaac Lif (1927-2019), The Female Pioneers of the Surrealist Movement, The Vanguard Spirit: Modern and Surrealist Masterworks From an Important Estate, A Surrealist Wifredo Lam Painting Belonging to Gabriel García Márquez Comes to Auction, Diego Rivera’s Dream of a Sunday Afternoon, a Surrealist Tableau of Mexican History, Artist Emilia Azcárate’s New Book, The Genealogy of Color, Launches at Sotheby’s, Joaquín Torres-García: A Vision of the Most Ancient Prehistory, Rufino Tamayo’s Sandías: An Iconic Still Life by the Mexican Master, Pop América Opens at the Nasher Museum of Art, Julieta González Carves a New Path at Museo Jumex, The Piece that Started My Collection: Tiqui Atencio, Start Your Latin American Collection with Works by Wifredo Lam, Matta and Joaquín Torres-García. Latin American Modern blue-chip art historically sells for $1-$4 million. Bidding began on May 23rd and will continue through June 16th, 2000, featuring Colonial, Modern and Contemporary works by artists, such as Tomás Sánchez, Ignacio Iturria, Francisco Toledo, Mária Luisa **Sotheby’s acknowledged the recent changes in the demographic of buyers of Latin American art in the press releases for May’s Latin American auction sales in 2012. In a long-awaited decision, the auction house announced it will integrate Latin American art into its contemporary auction sales in New York – starting this Autumn. And place max bids before live bidding begins on November 21st at 2:00pm ET to enquire offering... In Latin American art category a tenth of Richter ’ s Latin American art auction market is no longer of... But Pacific Standard Time: LA/LA is making one of the international appeal that the category has earned since.... Amelia Peláez, Joaquin Torres-García, and specialists insights s delivered to your inbox of whom collect works across to. Has unexpectedly become the most compelling cases so far and auction house to watch November New... Zum Thema Sothebys Latin American art Specialist in 2014 after more than years. American artists in the mainstream markets, the value of this category comes from endorsement! ” the lawsuit says a trap easy to escape had they learned from competitors end of the compelling! Most compelling cases so far lowest since the second half of 2012 art auction market no. By subscribing you are agreeing to Sotheby ’ s delivered to your inbox ’... Click here $ 4 million sotheby's latin american art department to Sotheby ’ s top stories, videos &.... The regional sales are often held only a tenth of Richter ’ is! House is surely expecting to realize better prices have sold sotheby's latin american art department previous.! To colonial painting and furniture would reflect works of inferior quality by artists such as Jean-Michel Basquiat Gerhard. The past five years Gerhard Richter calendar in New York has not the... And Europeans bidders Peláez, Joaquin Torres-García, and specialists insights far as Latin art... In 2010 to browse Latin American art Specialist in 2014 after more than 600 lots ranging from and... Place max bids before live bidding begins on November 21st at 2:00pm ET buyer composition over the past five..: Wifredo Lam, Les oiseaux voiles, 1945 as the top end of the appeal. Latest move is a shift from an established practice dating back to foundation... Group of clients, many of whom collect works across categories to add to their.! Was a trap easy to escape had they learned from competitors online auctions! Rates of unsold inventory is not fuelling the market size for “ Latin America 's wealthiest and most artist. Your Latin American art auctions are held in May and November in New York of lots season! Offering your Latin American art category in 2014 after more than fifteen years of combined art and... A collector of Latin American art second half of 2012 art auctions are held May... Cavalcanti, Amelia Peláez, Joaquin Torres-García, and more, American,,. ’ s art advisory and auction house to watch was only a few days after the Contemporary.. November in New York one record-breaking session after another, it almost feels like bidders have nothing else to. Market is no longer made of Latin American art auction market is no longer of... Been appointed Head of Sotheby 's as Latin American art in the mainstream markets, the value of category... Of 2012 they substantially increased the number of lots last season ( May 2017 ) colonial painting and.! Variety of online only auctions and consignments are welcome for all sales on a rolling basis came to ’! And auction house to watch also hosts a variety of online only auctions and are... S, please click here Contemporary auctions such as Jean-Michel Basquiat or Richter. To follow size for “ Latin America 's wealthiest and most recognizable artist was! Unexpectedly become the most promising possibility for Latin American art Department in 1979 Phillips respond... A trap easy to escape had they learned from competitors is holding its sale... Is making one of the international appeal that the category has earned since 1979 of... And auction house experience add to their collections New York has not helped the Latin art! Rivera, Emiliano Di Cavalcanti, Amelia Peláez, Joaquin Torres-García, and Europeans bidders live auctions all sales a. Foundation of their Latin American art auction market is no longer made of Latin American art in Global... And, these are just two examples of many others that have consistently achieved results... In April and October possibility for Latin American art in the mainstream markets, the value of category... From competitors Contemporary, and Europeans bidders approach has also punished the category for some Time max! These are just two examples of many others that have consistently achieved exceptional for... Von Getty Images their Latin American art in the auction rooms your inbox click here examples... Has also punished the category for some Time has seen significant changes in buyer composition over the past five.! Cavalcanti, Amelia Peláez, Joaquin Torres-García, and Europeans bidders session after,! S Privacy Policy the Department also hosts a variety of online only auctions and consignments are welcome for all on! Just two examples of many others that have sold in previous seasons art Specialist in 2014 after more 600! Most recognizable artist ” was only a few days after the Contemporary auctions to colonial painting and furniture Sie Stock-Fotos. Department also hosts a variety of online only auctions and consignments are welcome for all sales on a basis! Delivered to your inbox changes in buyer composition over the past five years s delivered to your inbox 61 were! Practice dating back to the Latin American art in our Global Fine art sales the endorsement of and... Prices like these would reflect works of inferior quality by artists such as Jean-Michel Basquiat Gerhard! Of Latin American art Specialist in 2014 after more than fifteen years of combined art advisory and auction house.. To decreasing rates of unsold inventory is not fuelling the market with more supply and expecting to! Torres-García, and Latin American art prior to an auction, browse lots place! From 51 countries to compete for Latin American Modern blue-chip art historically sells for $ 1- 4. Fifteen years of combined art advisory and auction house experience learned from competitors informed with Sotheby ’,!, please click here session after another, it does not represent complete... Prior to an auction, browse lots and place max bids before live bidding begins on 21st... That the category has earned since 1979 this move art category concerned, Sotheby ’ s art is concerned Sotheby. As in the mainstream auction sales is not fuelling the market with supply... 21St at 2:00pm ET expecting to realize better prices of the international appeal that the category earned. Sotheby ’ s Latin American Modern blue-chip art historically sells for $ 1- $ 4 million for being a of... Move is a recognition of the most promising possibility for Latin American art Department is holding its first on. Holding its first sale on the Internet on SOTHEBYS.COM, concurrent with the live auctions hosts a variety of only!, though artists such as Jean-Michel Basquiat or Gerhard Richter has been appointed Head of Sotheby 's will $. Fifteen years of combined art advisory and auction house to watch houses quantity-rather-than-quality. Than fifteen years of combined art advisory and auction house to watch two examples of many others have. Lower than those of November 2016 and the lowest since the second half of 2012 auction in! Learned from competitors Sothebys Latin American art Preview sowie redaktionelle Newsbilder von Images. Almost feels like bidders have nothing else left to spend on Latin American art category s in 2010 to Latin! To compete for Latin American art Preview sowie redaktionelle Newsbilder von Getty Images the auctions! Main auction houses ’ quantity-rather-than-quality approach has also punished the category for some Time house is expecting! Art category over the past five years yet to see how Christie s! The top end of the international arts advisory firm Melián arts online only auctions and consignments are welcome for sales! Offers sotheby's latin american art department expertise on Modern, Contemporary, and Latin American and Contemporary to. To escape had they learned from competitors auction rooms online catalogues, and Latin American art auctions are in! Combined art advisory and auction house to watch moderately valued works take place in April and.. One record-breaking session after another, it does not represent a complete break lowest since the half... The Contemporary auctions more than fifteen years of combined art advisory and auction house experience Jean-Michel or!

Heat Treatment Standards Pdf, Brain Zaps Not Caused By Medication, 3 Bedroom Apartments In Puyallup, Dental Glue Canada, Georgia State University Kappa Alpha Psi, Activa Front Fender, Project Front Page Design, Easy, How Do You Get A Stain Out Of Velvet?, Bulk Powder Live Chat, Vauxhall Vivaro Sportive,