Following Sotheby’s successful integration of Contemporary Latin American Art into our Contemporary Art sales this past November 2017, we are delighted to expand this strategy to include Modern Latin American Art into our Impressionist & Modern Art sales beginning May 2018.
As the first major auction house to formally integrate Latin American Art in our Global Fine Art auctions, Sotheby’s is leading the market with an innovative strategy that accurately reflects the evolving taste of collectors worldwide. Our pioneering approach will further reassess Latin American Art production by reinforcing key connections and relationships between artists from the region and their European and North American counterparts.
Most notably, Sotheby’s Paris team set a new auction record last year for Cuban Surrealist Wifredo Lam with A Trois Centimètres de la Terre, (1962) a work sold during their Contemporary Art sales for $5.2 million (Estimate $2,940,000–4,100,000). Other recent examples include Roberto Matta’s, Les Séparés Vivants (Funfural), an extraordinary canvas also sold in Paris for $819,021 (Estimate $350,000–600,000) on October 2017; Joaquín Torres-García’s Peinture Constructive, (1931), a painting by the Constructivist master sold in Sotheby’s London for £989,000 ($1,450,572) (Estimate $880,000–1,175,000) — the fourth highest price for the artist at auction, and Diego Rivera’s, Sans Titre (Composition Cubiste) in our Impressionist & Modern Art Evening Sale in New York which achieved $912,500 (Estimate $500,000–700,000) in November 2016.
“This final step in the integration of Latin American Art into the Impressionist & Modern and Contemporary Art auctions demonstrates Sotheby’s 40-year commitment to expanding the market for this category. We are absolutely thrilled to be at the forefront of a truly global approach to collecting and are confident this new strategy will become the standard for selling and presenting quality works from Latin America to the world.” – ANNA DI STASI, DIRECTOR, LATIN AMERICAN ART
View Contemporary Latin American Art Highlights from 2017