Monday October 23, 2017

Spring Auction Report: Strong Results for Herrera, Mendive, Fabelo and Cárdenas

Manuel Mendive, Energías para el amor y la bondad, 2015

Courtesy Christie's

With exceptional works and the largest number of lots by Cuban artists, Christie’s continued to position itself as a leader in modern and contemporary Cuban art.

On Wednesday afternoon, the week’s Latin American sales got off to a quiet start at Phillips. Things picked up a few hours later with the Christie’s evening sale. Despite a few optimistic estimates, which led to “buy-ins,” sales were still brisk.

Lot #7, the Tomás Sánchez canvas Meditador entre aguas (1996), quickly surpassed its high estimate of $180,000 to reach $271,500. (All prices quoted include buyer’s premium.)

Tomás Sánchez, Meditador entre aguas, 1996

Courtesy Christie's

Other artists in the evening auction included Amelia Peláez, whose 1948 canvas Naturaleza muerta en un interior (also known as Las puertas de La Habana) fetched $475,500, just above its low estimate of $450,000; and René Portocarrero, whose 1946 El Caballo en el Pueblo achieved $247,500, comfortably within its pre-sale estimate of $200,000-$300,000.

Amelia Peláez, Naturaleza muerta en un interior, 1948

Courtesy Christie's

Mariano Rodríguez’s 1943 Guajiro con gallo (also known as Muchacho con gallo) realized $487,500, just below its low estimate of $500,000. Last fall, his 1942 Pelea de gallos set a record for Rodríguez at auction, breaking the million mark at $1,087,500.

Mariano Rodríguez, Guajiro con gallo, 1943

Courtesy Christie's

Like Rodríguez, Carmen Herrera also set an auction record in last fall’s sales, with her 1965 canvas Cerulean reaching $970,000. In some of the liveliest bidding of the Christie’s sale, her rigorous, black-and-white painting Verticals (1952) blew past a high estimate of $450,000 to achieve $751,000.

Carmen Herrera, Verticals, 1952

Courtesy Christie's

Few of the evening’s works surpassed their estimates as quickly as the last lot, Manuel Mendive’s Energías para el amor y la bondad (2015), the lead image in this story. In less than a minute of active bidding, the 21-part installation work zoomed past its high estimate of $60,000 to reach $125,000.

The Cuban contemporary star of Christie’s day sale yesterday was Roberto Fabelo, who extended his recent run of six-figure results at auction with the 1996 canvas Couple entourant faisan (Pequeño teatro), more than doubling its high estimate of $40,000 to reach $100,000. Works by Manuel Mendive, Tomás Sánchez, and Agustín Fernández also surpassed their high estimates.

Roberto Fabelo, Couple entourant faisan (Pequeño teatro), 1996

Courtesy Christie's

Sotheby’s presented its evening sale in two sessions, modern at 6 p.m. followed by contemporary. The contemporary sale was notable for abstract works, including two by Sandú Darié, but bidding in both sessions was subdued. The evening’s top Cuban lot was Dogon (1973), a marble sculpture by Agustín Cárdenas. Estimated at $125,000–$175,000, it sold at a substantial $225,000.

Agustín Cárdenas, Dogon, 1973

Courtesy Sotheby's