Latin Heat

Christie’s Latin American sale shows vitality in the market

From Christie’s press release:

Christie’s landmark Latin American Evening Sale realized both a new world auction record for Latin American Art with Rufino Tamayo’s Trovador at $7,209,000, and set the highest total ever for any auction of Latin American Art at $26,632,850. Tamayo’s magnificent Trovador more than doubled the previous world auction record for the artist, and eclipsed the previous record for the category, held by Frida Kahlo’s Roots, which sold for $5,616,000 in May 2006. The sale was 86% sold by value, 83% sold by lot.

Top Ten:

Rufino Tamayo, Trovador (The Troubadour)$7,209,000
oil on canvas, 1945 2,000,000 – 3,000,000
WORLD AUCTION RECORD FOR THE ARTIST
WORLD AUCTION RECORD FOR LATIN AMERICAN ART
Alfredo Ramos Martínez, La india $2,169,000
oil on canvas, 1936 800,000 – 1,200,000
Claudio Bravo, Annunciation $1,273,000
oil on canvas, 1998 800,000 – 1,200,000

Alfredo Ramos Martínez, Vendedora de flores $937,000
oil on canvas, 1934 600,000 – 800,000

Leonora Carrington, Juggler (El Juglar) $713,000
oil on canvas, 1954 600,000 – 800,000
WORLD RECORD FOR THE ARTIST

Fernando Botero, Horse $690,600
bronze with dark brown patina, 2005 500,000 – 700,000

Claudio Bravo, Paquete verde (Green Package) $657,000
oil on canvas, 2005 500,000 – 700,000

Fernando Botero, Woman with Dog $645,800
oil on canvas, 1997 300,000 – 400,000

Rufino Tamayo, Fantasma (Ghostly Apparition) $541,000
oil, sand and marble dust on canvas, 1982 300,000 – 400,000

Mario Carreño, Fuera del batey $541,000
Duco and oil on paper mounted on Mylar, 1943 500,000 – 700,000
WORLD RECORD FOR THE ARTIST ON PAPER