Sothebys : Sotheby's Latin American Art Evening Sales Bring $18.7 Million in New York

New York | +1 212 606 7176 | Dan Abernethy | Dan.Abernethy@Sothebys.com | Alexandra Fizer | Alexandra.Fizer@Sothebys.com

SOTHEBY'S LATIN AMERICAN ART EVENING SALES

TOTAL $18.7 Million

Rufino Tamayo's Majestic Bird Charmer Brings $4.3 Million Retrato de la Actriz Matilde Palou by Diego Rivera Achieves $2.4 Million

Strong Prices for Venezuelan Artist Jesús Rafael Soto's Kinetic Works

NEW YORK, 25 May 2017 - Tonight at Sotheby's New York, the Evening Sales of Latin American Art brought a total of $18.7 million. The top lot of the evening, Rufino Tamayo's iconic painting, The Bird Charmer, was met with a round of applause from the room when it achieved $4.3 million, following a volley between two phone bidders. Painted in 1945, a particularly dark time for Tamayo, the magnificent work emerged during one of the artist's most important periods, and represents a sense of optimism following the War years. The Modern Art sale was further distinguished by Diego Rivera's Retrato de la Actriz Matilde Palou, which brought $2.4 million.

Jesús Rafael Soto's arresting Construcción en Blanco led the Contemporary works on offer, bringing $817,000 - well exceeding its estimate. The artist's kinetic works achieved all three of the Evening sale's top prices, with further highlights from Joaquín Torres-García, whose Sin Título and Arte Constructive, both achieved $325,000.

The online sales of Latin America: Modern Art and Latin America: Contemporary Art continue until 26 May at 2PM.

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*Estimates do not include buyer's premium. Prices achieved include the hammer price plus buyer's premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.

Images are available upon request

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