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May 30, 2013

Brazil’s Portinari tops Christie’s Latin American art sale

NEW YORK (Reuters) – A dream-like painting of children releasing kites by Brazil’s Candido Portinari sold for $1.4 million at Christie’s Latin American art sale and set a world auction record for the artist.

Portinari’s 1941 “Meninos Soltando Pipas” was the top seller at the Wednesday evening sale, which totaled $16 million and set benchmarks for other Latin American artists.

May 29, 2013

Uruguay’s Torres-Garcia tops Sotheby’s NY Latam art sale

NEW YORK (Reuters) – Pioneering South American abstract artists, led by Uruguay’s Joaquin Torres-Garcia, Brazilian Sergio Camargo and Venezuelan Carlos Cruz-Diez, were the top sellers at Sotheby’s Latin American art auction.

Torres Garcia’s 1931 “Composition Constructive,” fetched $1.4 million in the Tuesday evening sale, which totaled $14.7 million with records set for works by Venezuelan artists.

May 27, 2013

High hopes for Latin American art auction amid buoyant market

NEW YORK (Reuters) – Art experts are hoping strong interest from Asian buyers and a buoyant market, sparked by a record-breaking sale of contemporary art earlier this month, will boost two Latin American auctions in New York this week.

A bronze sculpture of a dancing couple by Colombian Fernando Botero and paintings by Mexican Alfredo Ramos Martinez, Chilean Roberto Matta and Brazilian Candido Portinari are expected to be the highlights of the sales at Christie’s and Sotheby’s.

May 21, 2013

Moody’s sees huge foreign borrowing by Venezuela

NEW YORK (Reuters) – Venezuela, under pressure to ease scarcities including milk, is likely to embark on large-scale foreign borrowing that will be “multiples” of what it had been in previous years under the administration of the late socialist President Hugo Chavez, a senior analyst for the Moody’s ratings agency said.

Speaking on Tuesday at the Reuters Latin America Investment Summit, Moody’s analyst Mauro Leos said Venezuela would likely borrow via bonds issued by state oil firm PDVSA.

Nov 21, 2012

Botero’s bronze “Horse” top seller at NY Latam art auction

NEW YORK (Reuters) – Colombian artist Fernando Botero’s “Horse” sculpture was the highlight of Christie’s Latin American auction, which also set a record for Cuban-born artist Tomas Sanchez.

Botero’s 1999 bronze work with dark brown patina, fetched $938,500 at the sale late on Tuesday and Sanchez’s 2005 acrylic on canvas “Buscador de Paisajes,” (Landscape Searcher), sold for $626,500, Christie’s said.

Nov 20, 2012

Chile, Mexico artists lead Latin American art sale in New York

NEW YORK, Nov 20 (Reuters) – A rare, life-size, anonymous
portrait of Aztec emperor Moctezuma II and a ground-breaking
surrealist painting by Chilean artist Roberto Matta were among
the top-selling works at a Latin American art auction at
Sotheby’s.

The Monday evening sale also set records, at prices above $1
million each, for Mexican landscape artist Gerardo Murillo,
Chilean Claudio Bravo and pioneering Venezuelan kinetic sculptor
Jesus Rafael Soto.

Nov 16, 2012

Surrealist, Mexican works poised to lead NY Latin American art auctions

NEW YORK (Reuters) – A rare, life-size, anonymous portrait of Aztec emperor Moctezuma II and a ground-breaking surrealist painting by Chilean artist Roberto Matta are among the top lots in Latin American art auctions next week in New York.

Art experts hope that record sales of post-war and contemporary art this week will have a spillover effect and fuel demand for Latin American art during three days of sales at Sotheby’s and Christie’s.

Nov 16, 2012

Surrealist, Mexican works poised to lead NY Latam art auctions

NEW YORK, Nov 16 (Reuters) – A rare, life-size, anonymous
portrait of Aztec emperor Moctezuma II and a ground-breaking
surrealist painting by Chilean artist Roberto Matta are among
the top lots in Latin American art auctions next week in New
York.

Art experts hope that record sales of post-war and
contemporary art this week will have a spillover effect and
fuel demand for Latin American art during three days of sales at
Sotheby’s and Christie’s.

Jun 1, 2012

Chile, Peru best poised to ride out slowdown: Fitch

NEW YORK (Reuters) – Chile and Peru are best positioned in Latin America to withstand a downturn in the global economy and a drop in commodity prices, while Argentina and Venezuela are the most vulnerable to any turmoil, a senior official from Fitch Ratings said on Friday.

Both Chile and Peru have large rainy-day funds and their government debt is a relatively small fraction of their economic output at about 20 percent or less, Shelly Shetty, head of the sovereign ratings for Latin America, told the Reuters Latin America Investment Summit in New York.

May 24, 2012

Cuban surrealist Lam painting tops Latam art sale

NEW YORK (Reuters) – A painting by Cuban surrealist Wifredo Lam, named for an African Yoruba goddess also worshipped in the Caribbean, led Sotheby’s strongest Latin American evening art sale ever on Wednesday night.

Setting an auction record for Lam, the 1944 “├Źdolo (Oya/Divinit├ę de l’Air et de la mort),” fetched $4.56 million from a South American collector, more than doubling the late artist’s previous top market price.

    • About Walker

      "Walker Simon is a desk editor in New York specializing in emerging markets, particularly Latin America, where he was a long-time correspondent. Raised in Mexico, he joined Reuters in Mexico City and was posted to Lima, Caracas and finally Bogota, where he was the Andean bureau chief. Beyond the region, he has a wider geographic interest, whetted by knowledge of Spanish, Portuguese, German, French and Russian. Apart from editing, Walker writes frequently for the Reuters news service."
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