Latin American Art, Artists, Artworks, Art Galleries, Museums, Art Community and Art Resources.

Lucio Fontana “Concetto Spaziale”

Sotheby’s did not expect this sale to be as successful as it was. They anticipated a good auction but this exceeded their expectations by more than ten million pounds. Not only the room had a great number of determined bidders but also the presence of the phone bidders was felt at the sale non stop.

Sotheby’s blames the success to having the right collection with the right marketing at the right time. The total sales for this auction were in excess of 54 million pounds making it the second highest ever Contemporary Sale in London. In this sale only, 24 world records were set.

They had many works new to the market and also many unknown artists that bidders were eager to experiment on. Phenomenal results as well for Latin American Artists demonstrated the strength that Latin American Art has. A Jesus Rafael Soto fetched almost £300,000; a Victor Vasarely brought more than £500,000; an Eduardo Chillida brought more than £1 million while a Lucio Fontana work called “Concetto Spaziale” fetched more than £3 million.

Sotheby’s is anticipating their upcoming Contemporary sales on May and June 2010.

Until next time,

Laura Cunningham
Director

General Auction, auction bidders, arte contemporaneo, Contemporary Sale, Eduardo Chillida, Jesus Rafael Soto, Latin American, arte latinoamericano, Latin American Artists, Lucio Fontana, Sotheby’s, Victor Vasarely

Marika Rivera died on Jan 14-2010 at 90 years old. Diego Rivera’s daughter Marika Rivera was living in a nursing home and had advanced dementia. She was a talented dancer and actress of several small movies including “Darling”, “The Girl on a Motorcycle” and “Hotel du Paradis” amongst others. Marika was born to Diego Rivera’s lover – Russian artist Marevna Vorobieff and was known to have a strong and fierce personality. Farewell.

Alberto Giacometti’s “Walking Man I” has reached the highest price ever paid for an artwork at auction. A life size bronze sculpture of a walking man was the subject of nearly ten bidders’ enthusiasm that made them go loony on each other for about 8 minutes at the Sotheby’s Impressionist & Modern Art Evening Sale in London. Giacometti’s “Walking Man I” sold for $104.3 million dollars tonight breaking Picasso’s world record for “Boy With a Pipe” which fetched $104.1 in 2004 at Sotheby’s in New York. Sotheby’s expected the sculpture to be sold for a maximum bidding price of $28.8 million. Giacometti’s prior selling record was $27.4 million set at Christie’s New York in 2008.

The Dallas Art Fair opens on Friday February 5^th at the Dallas Fashion Industry building in Downtown Dallas Arts District. More than 50 art dealers from 15 cities will devote their energy into promoting the artists they represent. Having lived in Dallas for 15 years, it is energizing to see the art world morph from “barely there” to “all over the place”. And not only that the art scene has grown exponentially but the quality is now superb. Dallas is quickly growing into a real cosmopolitan city especially after the renovation and development of what is now Victory Park; a new area near Downtown Dallas and walking distance from Uptown. If you have not been there, it is worth the visit. I will attend the Dallas Art Fair this weekend and will tell you all about it. Exciting!

Laura Cunningham

Director

Ferias de Arte Alberto Giacometti, art dealers, art scene, Auction, Christie’s, Dallas Arts District, Dallas Fashion Industry, Diego Rivera, Downtown Dallas, Marika Rivera, Picasso, Sotheby’s, The Dallas Art Fair, Victory Park