Christie’s Latin American Art Sale Establishes Fourteen New World Auction Records

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NEW YORK, NY.- Christie’s Latin American Art Sale achieved a strong total of $22,571,450 (£13,763,079/ €15,895,387). Held in two sessions on May 26 and 27, the sale was sold 75% by lot, 79% by value and established an impressive 14 new world auction records. The top lot was Miguel Covarrubias Offering of Fruits for the Temple, 1932, for which Christie’s established a new world auction record for the artist, realizing $1,022,500 — more than three times the high estimate of $300,000. The magnificent painting was inspired by one of the Mexican artist’s extended trips to Bali in the 1930s. Covarrubias’ pictorial ode to the idyllic beauty of the Balinese women shows a group of beautiful women elegantly balance baskets of fruit on their heads, swathed in brightly colored sarongs. South American artists performed exceedingly well as Ecuadorian artist Oswaldo Guayasamín’s Quito en rojo, realiz