Sotheby’s Latin American Art Evening Sale Totals $ 14,814,500; Sets 8 New Records

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NEW YORK, NY.- Last night’s Evening Sale of Latin American Art at Sotheby’s in New York brought a total of $14,814,500, meeting pre-sale expectations (est. $14.5/19.8 million). The highlight of the evening was Les Abalochas Dansent Pour Dhambala, dieu de l’unité by Wifredo Lam which set a new record for the artist at auction when four bidders sent the price to $2,154,500 (est. $1.75/2.25 million). Les Abalochas was painted 1970 and once hung in the Cuban artist’s home in Italy. Other Lam highlights included an Untitled painting which sold for $470,500 (est. $400/600,000) and Femma from 1944 which fetched $374,500 (est. $250/350,000). In addition to Lam, at least seven other records were set for artists including Alejandro Otero and the 19th century artist Eugenio Landesio. Carmen Melián, Head of Latin American Art at Sotheby’s said: “Tonight’s sale was in part an homage to Wifredo Lam, and the re