Sotheby’s Latin American sales open at $17.6million
The first night of Latin American Art Sales took place at Sotheby’s New York on 24 November, opening with a single-owner evening sale — A Vision Of Grandeur: Masterworks From The Collection Of Lorenzo H. Zambrano, during which 12 artist records were set and 85% of the lots sold, totalling $17.6 million, according to Sotheby’s: “a new benchmark for a single-owner auction of Latin American art.”
A work by Remedios Varo entitled Hacia la torre sold for $4,309,000, of which the initial estimate was $2.5 to 3.5 million, making it the second highest price for a Latin American female artist at auction, whilst Leonora Carrington’s The Temptation of St. Anthony realised $2,629,000, a record for the Surrealist artist.
“Tonight we witnessed an historic sale as collectors fought to own a part of Lorenzo Zambrano’s extraordinary vision. The treasures in the sale ranged from monumental canvases by the Mexican mid-century giants, The treasures in the sale ranged from monumental canvases by the Mexican mid-century giants”, said Axel Stein, Head of Latin American Art at Sotheby’s.