Botero and Carrington Lead Christie's $12.82m 'Latin American Art' Auction in New York

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Botero and Carrington Lead Christie's $12.82m 'Latin American Art' Auction in New York

3 min read  ·  03 Oct 2024

Cazador by Fernando Botero sold for $1.13m.
Image courtesy of Christie's

Cazador by Fernando Botero sold for $1.13m. Image courtesy of Christie's

Works by Fernando Botero and Leonora Carrington were the headline sales at Christie's 'Latin American Art' auction on October 2 in New York.

  • The sale totaled $12.82m, meeting the pre-sale estimate.

Snapshot of the sale

  • 48 works sold totaling $12.82m.
  • Estimates totaled: $9.33m (low) and $13.39m (high), excluding premiums.
  • The sell-through rate was 80% of the original 60 lots announced.

The star lots were:

Fernando Botero, Cazador (1982), which sold for $1.13m, 41% above its $800,000 low estimate. It has not been traded before.

Leonora Carrington, Faet Fiada (The Appearance of a Wild Beast) (1951), sold for $1.13m, 125% more than the low estimate. Oil On Panel, 91.4 x 54.6cm. The work has been traded 4 times in the past.

The outperformer sold for 1052% above its low estimate. Bridget Tichenor, Misioneros (1965), sold for $403,200 ($35,000 low estimate). It has been traded twice in the past.

Breakdown of results against auction house estimates that are disclosed

Breakdown of results against auction house estimates that are disclosed

  • 25 works, or 52%, sold above their high estimate.
  • 22 works, or 46%, sold within their low and high estimate.
  • 1 works, or 2%, sold below their low estimate.
  • 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

12 works were bought-in, including: Fernando Botero, Reclining Nude (2000), estimated at $500,000 (low) to $700,000 (high). It has not been traded before.

Withdrawn before the sale

0 works were withdrawn

Terms and definitions

All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.

Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.

Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.

Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.

Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.