黑料社

Indeed, even big names, such as Diego Rivera and Frida Kahlo, offer a lot of bang for the buck, auction houses, gallery owners and collectors told AFP.

鈥淲ith a million dollars you really can buy a masterpiece,鈥� said Virgilio Garza, director of Latin American art at Christie鈥檚 in New York.

For someone seeking a modern or contemporary US or European work, Garza said that same amount of money 鈥渨ill not get you very far.鈥�

Money has been really flooded the spring art auctions in New York.

Jeff Koons鈥� work entitled 鈥淩abbit鈥� 鈥� a stainless steel casting of an inflatable bunny 鈥� fetched $91.1 million, a record for a living artist, last week at Christie鈥檚.

And a Claude Monet painting from his celebrated 鈥淢eules鈥� (Haystacks) series fetched $110.7 million at Sotheby鈥檚. That was a record for the French Impressionist.

The standouts among Latin American art, however, were acquired for a song, relatively speaking.

At Sotheby鈥檚, a famous painting of watermelon slices by Mexico鈥檚 Rufino Tamayo was auctioned for $4.9 million. And a work by Uruguay鈥檚 Joaquin Torres Garcia entitled 鈥淐onstruccion en blanco鈥� drew 3.4 million.

First-time collectors

Latin American art is perfect for people who are only starting to collect, because of the bargains out there, said Garza.

A portrait of the daughter of Diego Rivera 鈥� the world鈥檚 top draw among Mexican artists, followed by Kahlo and Tamayo 鈥� was thought to be worth up to $700,000 at Sotheby鈥檚. Yet in the end, nobody took it home.

Tamayo鈥檚 鈥淢ujer con Rebozo鈥� (Woman with a Shawl) went for $495,000 last Wednesday at Christie鈥檚, far below its estimate of up to $700,000.

A large triptych by the Cuban-American artist Carlos Alfonzo 鈥� whose career was distinguished but brief because he died at age 40 鈥� went for $350,000 at Christie鈥檚. That was a record for the artist at auction.

Garza said Latin American art is perfect for someone starting a collection because 鈥渢here are really good things at reasonable prices.鈥�

New blood

US and European collectors have an increasing appetite for Latin American art, said Anna Di Stasi, director of Latin American art at Sotheby鈥檚 in New York.

In Asia, the most sought-after Latin American works are those of Colombia鈥檚 Fernando Botero, known for his depictions of voluminous people and animals.

鈥淭he demography of our clientele has changed. It is no longer Latin Americans buying Latin American. It is more global, said Garza.

He noted that there is an exhibition of works by Roberto Matta, a Chilean who blended Surrealism with Abstract Expressionism, on right now at the Hermitage in St. Petersburg, Russia.

鈥淭here are marvelous opportunities in Latin American art,鈥� said Henrique Faria, owner of a New York gallery specializing in Latin American art. 鈥淏ecause the prices are fantastic.鈥�

He said the fact Latin American art is undervalued is a reflection of economic and political turmoil in most Latin American countries and 鈥渢he result of a lack of support among cultural institutions and even collectors themselves鈥� for Latin America as a brand.

He stressed that Latin American art serves the purpose of getting people to appreciate something other than European and US art and consider the Latin American version of art鈥檚 various movements.

鈥淭hat is what it means to collect. To find pieces in order to open up dialogue,鈥� said Faria.

鈥淭hat is what we are seeking today in the world. To break down barriers, be equal, compete on a level playing field,鈥� he said.

鈥淲e want there to be opportunity for inclusion, pluralism, diversity. Collecting is not accumulating. It is weaving.鈥� CC