CRUZ DIEZ, SOTO AND OTERO LEADERS OF LATIN AMERICAN GEOMETRIC ABSTRACTION AT SOTHEBY’S EVENING SALE
By Valentina Tintori
Carlos Cruz Diez (1923), Alejandro Otero (1921 – 1990) and Soto (1923 – 2005) leaders of geometric abstraction movement, present in the evening auction at Sothebys NY this May 25.
Tablón 56 with an estimate between $150,000 – 200,000, Estudio para Coloritmo no. 3 estimated between $ 350,000 – 450,000 by Otero and a beautiful master piece by Cruz Diez made in 1965 Phisicromie no. 220, estimated between $125,000 – 175,000 have captured the attention of recognized collectors of Latin American abstract geometric art. Any of these three pieces would give a huge value to a collection. In past auctions during the month of November, the works of Cruz Diez were strongly bidded and some of them surpassed their estimates, even when the artist still had not yet opened his retrospective exhibition at the Museum of Fine Arts in Houston that took place this past February. The American public interest in the work of Cruz Diez has been reflected in the latest auctions and private sales. Cruz Diez is one of the Latin American artists who in life as Claudio Bravo and Botero have achieved amazing prices.
In the case of Alejandro Otero, it is hard to find for sale such important piece which is priceless for art lovers.Otero pioneer of geometric art in his native country, produced very few painted works on wood and the vast majority of them landed in public collections.
A piece by Jesus Soto, pioneer of op and kinetic art, named El Gran Azul (1999), although it does not belong to Soto’s most acclaimed years, it still holds an estimate of between $ 250.000 – 300,000. For the last 10 years, Soto’s works have been sold well in auction houses since they have very strong international market. It is an art of universal taste. You never know what can happen with the sales of his works at auction houses, which always work to achieve high estimates.
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