Tuesday March 28, 2017

Auction Report: Mariano’s Gallos Take Flight, New Records Set 

Diving deeper into last week's sales & what they mean for Cuban art

Mariano Rodríguez, Pelea de gallos (Cockfight), 1942

Courtesy Christie's

As predicted, it was a hot week for Cuban art, with record-breaking figures achieved by several artists in the Latin American sales. 

Much of the action focused on “Cuba Moderna: Masterworks from a Private Collection,” the single-owner sale-within-a-sale in the Christie’s auction.

The indisputable winner was Pelea de Gallos, a 1942 canvas by Mariano Rodríguez, which realized $1,087,500. (All prices include buyer’s premium.)

Carlos Enríquez, Héroe Criollo, 1943

Courtesy Cernuda Arte

Running a close second, Héroe criollo, a 1943 canvas by Carlos Enríquez, more than doubled its low estimate of $400,000 to reach $967,500. A second Enríquez painting in the Christie’s sale, Desnudo de Eva en el Hurón Azul, 1951, rocketed past its high estimate of $200,000 to achieve $511,500.

René Portocarrero, Paisaje de La Habana, 1961

Courtesy Christie's

The Christie’s sale also set auction records for Victor Manuel, whose Carnaval (Escena de Comparsa) reached $319,500; René Portocarrero, whose Paisaje de La Habana, 1961, fetched $295,000; and Fidelio Ponce de León, whose 1935 Joven con pecera brought $112,000.

Tomás Sánchez, Contemplador en Diagonal, 2016

Courtesy Christie's

Notable results among contemporary artists in the Christie’s sale included Tomás Sánchez, whose Contemplador en Diagonal, 2016, led the sale as Lot #1, surpassing its high estimate of $80,000 with $137,500.

Roberto Fabelo continued his recent run of six-figure results at auction, more than doubling a high estimate of $40,000 to reach $100,000 for Untitled, 1998.

All three sales featured multiple lots by Wifredo Lam, with estimates ranging from the low five figures to the millions. Bidders were selective, with fierce competition on some lots.

Wifredo Lam, Volière d’un ongle, 1942

Courtesy Sotheby's

At Sotheby’s Lam’s 1942 Volière d’un ongle, estimated at $250,000–$350,000, reached $588,500.

Also at Sotheby’s, a René Portocarrero landscape, Paisaje, 1944, more than doubled its high estimate of $70,000 to achieve $162,500.

René Portocarrero, Paisaje, 1944

Courtesy Sotheby's

In all three sales, the majority of works by Cuban artists turned in results comfortably within or above their estimates, including works by Manuel Mendive, Carlos Garaicoa, Los Carpinteros, and José Mijares.

Mid-century modernist Loló Soldevilla, a member of the Diez Pintores Concretos group, had a modest breakout in the week’s sales. Three of her works, one per sale, surpassed their estimates, with her 1950 collage on canvas, Homenaje a Theo V. Doesburg, Composición No. 7, Variación Las Tres Gracias, leaping past its high estimate of $50,000 to fetch $75,000 at Phillips.

Loló Soldevilla, Homenaje a Theo V. Doesburg, Composición No. 7, Variación Las Tres Gracias, 1950

Courtesy Phillips

Although no lots by Carmen Herrera were included in the Latin American sales, the Cuban-born painter achieved a record price at auction in the Phllips 20th Century & Contemporary Art sale the week before.

Carmen Herrera, Cerulean, 1965

Courtesy Phillips

With a high estimate of $800,000, Herrera’s 1965 canvas Cerulean reached $970,000—more than double the then-record-breaking $437,000 achieved at the November 2015 Phillips sale for another 1965 canvas, Basque.