Latin American art auctions. New York

This season, results for Latin American auctions were highly positive. Market trends indicate a growth of the Mexican sector, as well as the consolidation of Latin American art in the international marketplace with works of increasing importance entering collections in Europe and North America. At Sotheby¿s, results were even more remarkable, given that more classic Latin American pieces were presented, while at Christie¿s the focus remains on the market for Latin American artists who have crossed over into international regard. New records were set at Sotheby¿s for Raúl Valdivieso, Esteban Chatrand, works on paper by Remedios Varo, and also José Clemente Orozco, whose extraordinary painting ¿Prometeo¿ was sold on US$534,400 despite being banned from leaving Mexico. At Christie¿s, the new highs were six: Beatriz Milhazes, Kcho, Sergio Hernandez, Cildo Meireles, and among classic artists Pedro Coronel with ¿Femmes Papillons,¿ sold for US$125,100, and Lygia Clark, who fetched US$ 65,725 for her ¿Bicho.¿
SOTHEBY¿S LATIN AMERICAN ART Nov. 18 & 19, 2003 LOT PRICE (US$) HIGH/LOW ESTIMATE 0010 US$792,000 (£465,300) US$1,000,000/US$1,500,000
Matta, Psychological Morphology

0008 US$579,200 (£340,280) US$300,000/US$400,000
Wifredo Lam, Femme-Cheval

0007 US$534,400 (£313,960) US$300,000/US$350,000
José Clemente Orozco, Prometeo

0005 US$512,000 (£300,800) US$500,000/US$700,000
Diego Rivera, Paisaje de Toledo

0051 US$433,600 (£254,740) US$450,000/US$550,000
Claudio Bravo, Before the Game

0017 US$411,200 (£241,580) US$300,000/US$350,000
Rufino Tamayo, Hombre en Rojo

0033 US$276,800 (£162,620) US$250,000/US$300,000

Fernando Botero, Santa Lucía

0030 US$276,800 (£162,620) US$250,000/US$300,000
Claudio Bravo, Self -Portrait

0132 US$243,200 (£142,880) US$100,000/US$125,000
Fernando Botero ''Girl Reading Her Diary''

0011 US$220,800 (£129,720) US$90,000/US$120,000
Claudio Bravo, White Package

Experts in charge: Kirsten Hammer, Carmen Melian Press Office Contact: Lauren Gioia 212 606 7176 CHRISTIE¿S LATIN AMERICAN ART November 18 & 19, 2003 LOT PRICE ESTIMATE 25 $1,351,500 £799,704/¤1,145,339 $1,500,000-2,000,000
Frida Kahlo, Self-Portrait with Curly Hair, 1935

37 $455,500 £269,527/¤386,017 $400,000-500,000
Diego Rivera, Niña con muñeca, 1954

30 $399,500 £236,391/¤338,559 $280,000-320,000
Wifredo Lam, Sans titre (La pareja), 1942

31 $186,700 £110,473/¤158,220 $200,000-300,000
Matta, Untitled (from the Morphology series), 1939

59 $186,700 £110,473,/¤158,220 $200,000-250,000
Matta, Sin título, 1965

56 $181,100 £107,160/¤153,475 $150,000-200,000
Matta, Je t¿ange, 1987

46 $153,100 £90,592/¤129,746 $140,000-180,000
Matta, Que se despierte el leñador, 1951

44 $141,900 £83,964/¤120,254 $100,000-150,000
Victor Manuel, Mujeres en el balcón, 1945

40 $130,700 £77,337/¤110,763 $120,000-160,000
Wifredo...