Sotheby’s offers spring auction of abstract art in New York Latam

NEW YORK – Works by Colombian artist Fernando Botero, Cuban artist Wilfredo Lam and Mexican painter Rufino Tamayo are set to be among the highlights of Sotheby’s Latin American spring art auctions. next week, which will also include a special abstract art sale.

Tamayo’s family-owned ‘La Familia’, which has just hit the market, is expected to be the top lot of Sotheby’s two-day sales on May 26-27 with a pre-sale estimate of up to 1.6 million bucks.

“His work with sand, earth and pigments is extraordinarily evident in this painting,” said Axel Stein, head of Latin American art at Sotheby’s, on Friday.

“Its composition is very round,” he added, “and that makes it one of his best pieces of his last period.”

Two works by Lam, who combines elements of surrealism and primitivism in much of his work, are also seen as sales highlights.

“The Sailing Birds” could fetch up to $1.5 million and “The Ocean Sorcerer” is expected to fetch up to $1.2 million.

Although abstract art is generally associated with painters from Russia, France and the United States, Stein said Latin American artists were also influenced by the movement, which will be recognized by a special sale “The Latin America, the legacy of abstraction”.

Argentinian Lucio Fontana, Venezuelan artist Jesus Rafael Soto and Spanish-Uruguayan painter Joaquin Torres-Garcia are among the artists whose works will be included in the abstract sale.

“There is a very important school that has not been recognized to date.” Stein said. “So let’s say we took that opportunity and looked to put this group together.”

Stein added that he expects upcoming Latin American art sales to benefit from record auctions earlier this month, in which prominent works sold at all-time highs.

A 1955 oil painting by Pablo Picasso, “The Women of Algiers (Version ‘O’)” broke the record for the most expensive work of art ever sold at auction when it fetched 179, $4 million in New York.
The previous record was $142.2 million paid for a triptych by Francis Bacon, “Three Studies of Lucian Freud,” in November 2013.

“There’s a general feeling that the art market in general is very strong, and we think we can ride that wave, if you want to,” Stein said.

Latin American art sales at Christie’s in New York will take place on Wednesday and Thursday.


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