On markets and auctions…

/ 19 July, 2014

In the statistics on the highest prices reached that are frequently published by auction houses no artist from the region is generally included.(…) When an independent analysis of the contemporary art market began, positions for Latin Americans changed. In 2011, Cuban Félix González-Torres headed the list on position 36 with 5.5 million dollars distributed among 10 auctions. But in 2013 he had already been displaced.

Among the Cuban artists, the indisputable referent in market questions is Wifredo Lam, included in the list of the 500 with more sales. Lam’s oeuvre is widely represented in the market with an always stable annual volume and number of lots.

Tomás Sánchez was in position 158 and, in 2012, in 171. That year he obtained his highest price in Christie’s with Buscador de paisajes (Searcher for Landscapes, 2005, acrylic on canvas, 122.2 x 169.2 cm). This piece had been bought by the owner directly from Marlborough Gallery, which has represented Tomás for several years.

Many other Cuban creators, classic or contemporary authors, occasionally enter the market, but none of them have reached the position and acknowledgement Wifredo Lam and Tomás Sánchez obtain every year.

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