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.
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
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.
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.
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 “Ídolo (Oya/Divinité 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.
NEW YORK, May 22 (Reuters) – Chilean artist Roberto Matta’s
“La revolte des contraires” led Christie’s Latin American art
auction on Tuesday, selling for $5 million and setting a record
for the artist viewed as a seminal figure bridging surrealism
and abstract expressionism.
“It is a long overdue recognition for the artist, who is one
of the most influential artists of the 20th century,” said
Virgilio Garza, Christie’s Latin American art chief.
NEW YORK (Reuters) – A Diego Rivera portrait of a 10-year old girl, her head cocked and gaze wary, is expected to top this week’s Latin American art auctions, where surrealist-tinged works by other artists are also primed to do well.
Rivera’s 1939 “Niña En Azul y Blanco” (Girl in Blue and White), which portrays the girl in indigenous dress enveloped by an oversized shawl, could sell for up to $6 million at Sotheby’s.
By Walker Simon
(Reuters) – Perched 9,350 feet above sea level, Quito is a gateway to sweeping Andean panoramas and a UNESCO world heritage monument.
The centre of the capital of Ecuador, which takes its name from the nearby equatorial line, is a living museum of Spanish colonial architecture, freshened by over $300 million in recent restorations.
By Walker Simon
(Reuters) – Caribbean heat mingles with Andean cool in Caracas, which is nestled against a verdant mountain range, cresting at over 9,000 feet (2,765 metres).
Languidly tropical by day, the Venezuelan capital’s climate turns brisk after sundown. The perfume of the lush greenery infuses the evening breeze, encouraging outdoor dining.
NEW YORK (Reuters) – Latin American art sales, which totaled nearly $90 million in New York in 2011, scored their best year since the 2008 financial crisis, aided by a boom in Brazilian art and demand from Asia.
The sales at Christie’s and Sotheby’s were second only to the 2008 Latin American market total of $96 million, according to the auction houses.
NEW YORK (Reuters) – Rufino Tamayo’s painting “Watermelon Slices” fetched $2.2 million, topping Sotheby’s Latin American sale, which also set auction records for pioneering Venezuelan kinetic artist Carlos Cruz-Diez.
“It was a great night for Rufino Tamayo,” Sotheby’s Latin American art chief Carmen Melian said of the Wednesday evening sale, which totaled $17 million.