LATIN AMERICA
New York, 22 November 2016
Sale Total: $4,163,500 / £3,333,734 / €3,923,389
Lots Sold: 63 | Lots Offered: 103
Sold by Lot: 61% | Sold by Value: 63%
NEW YORK – 22 NOVEMBER 2016 – Phillips’ Latin America sale achieved $4,163,500 and was led by Diego Rivera’s Retrato de Marevna (Portrait of Marevna), 1916, which realized $970,000. New auction records were set for four artists, including Os Gêmeos, whose Untitled achieved $310,000, against a presale estimate of $120,000-180,000. Additionally, Cuban Concrete Art performed well, with nine of the ten works offered selling within or above estimate.
TOP TEN LOTS
|
Lot |
Description |
Estimate |
Price Achieved |
|
16 |
Diego Rivera, Retrato de Marevna (Portrait of Marevna), 1916 |
$800,000-1,200,000 |
$970,000 £776,683/€914,060 |
|
9 |
Carlos Cruz-Diez, Physichromie No. 1020, 1975 |
$400,000-600,000 |
$430,000 £344,303/€405,202 |
|
3 |
Os Gêmeos, Untitled, 2009 NEW WORLD AUCTION RECORD *previous record price: $269,000 set in 2014 |
$120,000-180,000 |
$310,000 £248,218/€292,122 |
|
53 |
Jesús Rafael Soto, Cuadrado virtual azul, con gris, 1977 |
$300,000-400,000 |
$274,000 £219,393/€258,198 |
|
6 |
Beatriz Milhazes, Untitled, 1992 |
$200,000-300,000 |
$250,000 £200,176/€235,582 |
|
23 |
Oswaldo Guayasamín, El Grito, 1976 |
$60,000-80,000 |
$131,250 £105,092/€123,681 |
|
46 |
Antonio Dias, Untitled, 2005 |
$120,000-180,000 |
$125,000 £100,088/€117,791 |
|
5 |
Olga De Amaral, Moon Basket 14, 1988 |
$80,000-120,000 |
$81,250 £65,057/€76,564 |
|
27 |
Loló Soldevilla, Homenaje a Theo V. Doesburg, Composición No. 7, Variación Las Tres Gracias, 1950 |
$30,000-50,000 |
$75,000 £60,053/€70,675 |
|
22 |
Francisco Narváez, Cabeza de negro, 1935 |
$70,000-90,000 |
$75,000 £60,053/€70,675 |
ADDITIONAL AUCTION RECORDS
|
Lot |
Description |
Estimate |
Price Achieved |
|
33 |
Salvador Corratgé, Untitled, 1962 |
$30,000-50,000 |
$43,750 £35,031/€41,227 |
|
|
*previous record price: $25,000 set in 2016 |
||
|
42 |
Marina Rheingantz, Pelada Caipira, 2011 |
$20,000-30,000 |
$31,250 £25,022/€29,448 |
|
|
*previous record price: $10,000 set in 2013 |
||
|
59 |
Jorge Piqueras, Mimetismo, 1958 |
$8,000-12,000 |
$9,375 £7,507/€8,834 |
|
|
*previous record price: $6,896 set in 2013 |
||
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Phillips is a leading global platform for buying and selling 20th and 21st century art and design. With dedicated expertise in the areas of Art, Design, Photographs, Editions, Watches, and Jewelry, Phillips offers professional services and advice on all aspects of collecting. Auctions and exhibitions are held at salerooms in New York, London, Geneva, and Hong Kong, while clients are further served through representative offices based throughout Europe, the United States and Asia. Phillips also offers an online auction platform accessible anywhere in the world, and is committed to supporting contemporary arts and culture through a worldwide programme of Arts Partnerships.
*Estimates do not include buyer’s premium; prices achieved include the hammer price plus buyer’s premium.
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