Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

More Than Just Mexico

May 24, 2010 by

[intro]Mexican Artists Hold the Record Prices in Latin American Art[/intro]

In 2008, Rufino Tamayo’s Trovador established the auction record for the most expensive Latin American painting ever sold when it brought $7.2 million at Christie’s. Before that, Frida Kahlo’s $5.6 million Roots held the title which it, in turn, had inherited from another Kahlo that sold for $5.1  million in 2000. As these top prices suggest, Latin American art auctions have typically had Mexican artists to thank for their brightest moments. In fact, Mexican art is the foundation on which the Latin American auction category was built (the first sale of Latin American art that Mary-Anne Martin organized at Sotheby’s in 1977 was for Mexican paintings).

Today, however, the sector is more diverse than ever, featuring work by artists from more than 25 nations. Although work by Mexican artists still accounts for the majority of the value sold in the Latin American sales at Christie’s and Sotheby’s (36% to be exact), art from other nations (especially Chile and Venezuela) are making large leaps in value, and the most highly estimated lot hitting the block in this week’s sales is by the Cuban artist Wifredo Lam.

For more on the value of Latin American artists and details on their markets,

[wpsc_products product_id=’5′]

More from Art Market Monitor

  • On the LamOn the Lam
  • Christie’s Can’t Wait, New York Sales Move to October with $25 M. Cézanne AnnouncementChristie’s Can’t Wait, New York Sales Move to October with $25 M. Cézanne Announcement
  • Collections Abound in Christie’s Latin American SaleCollections Abound in Christie’s Latin American Sale
  • Latin American Art Hasn’t ‘Matured,’ Sotheby’s Just Needs More Contemporary ArtistsLatin American Art Hasn’t ‘Matured,’ Sotheby’s Just Needs More Contemporary Artists
  • Latin American Art Auction Analysis, Spring 2017Latin American Art Auction Analysis, Spring 2017
  • Sotheby’s Latin American = $21mSotheby’s Latin American = $21m

Filed Under: General Tagged With: Art Research Technologies, Auction, Latin American, Mexican

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...