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Cuba artist Lam fetches record price
 
May 25, 2012
 
 
Cuba artist Lam fetches record price

A PAINTING by Cuban surrealist artist Wifredo Lam fetched a record personal price at a Latin American art sale at auctioneers Sotheby’s in New York.

An unnamed South American collector paid $4.5m for Lam’s 1944 Idol (Oya/Divinite de l’Air et de la mort), well above the $2m-3m guide price. Demand was also high for Venezuelan artists, such as Armando Reveron. But Diego Rivera’s 1939 painting Girl in Blue and White, considered the main attraction, remained unsold.
The work by the Mexican artist had been expected to sell at a price between $4m and $6m. In contrast, Lam’s piece sold for more than double the previous top price for his paintings. An Afro-Cuban, Lam died in 1982 and was heavily influenced both by surrealism and by santeria, an Afro-Caribbean religion based on Yoruba and Roman Catholic beliefs. Wednesday’s auction, with sales totalling $21.8m, was Sotheby’s best result for an evening sale of Latin American art to date.       –BBC

 
 
on epaper page 11
 
 
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