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Auction
Phillips will integrate the Latin American auction

09/February/2018



New York, NY


After a notable year for Phillips Latin American Art Department, marked by auction records, partnerships and growth, the auction house announced it will discontinue its Latin American auction and integrate the Latin American artists lots to its 20th Century and Contemporary Art sales in New York, London and Hong Kong.


“In recent years, the barriers between Latin American art and the larger art market have begun to collapse. Phillips has played a large part in this process by carefully and strategically positioning important artworks by Latin American artists within the context of our 20th Century & Contemporary Art sales. This has been a result of increased demand from international collectors and we are confident our decision to fully integrate the two departments will continue to build on this momentum by making these renowned artists as accessible as possible,” said jointly Edward Dolman, Chief Executive Officer, and Vivian Pfeiffer, Deputy Chairman, Americas, and Head of Business Development.


Between 2016 and 2017, as Phillips’ Latin American department expanded rapidly, the house has offered several works of Latin American art outside of their designated sale category, receiving response from collectors and setting world records. Cuban-born artist Carmen Herrera saw her auction record broken twice over the course of 2016 to 2017, first with Cerulean (1965), which sold for $970,000 (estimate: $600,000-800,000), and then with Untitled (Orange and Black) (1956), which sold for $1,179,000 (estimate $700,000-1,000,000), both of which were offered in the New York Evening Sales of 20th Century & Contemporary Art.


“It is not that international collectors are all of a sudden collecting Latin American art; it’s that through seeing major museum exhibitions of these artists and through seeing Latin American artists incorporated in major gallery shows, collectors are realizing that a lot of these artists fit in with their collections,” says Kaeli Deane, vice president and head of department, Americas. 


 





 


 

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