“Latin America has a higher proportion of women artists than anywhere else.”
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Kommersant FM columnist Dmitry Butkevich talks about who is among the most sought-after masters from Latin America.
Let’s talk today about Latin American artists on the global art market, who have received increased attention from market operators in recent years. Most attention is paid to such figures as Frida Kahlo, Fernando Botero and Wifredo Lama, but of course there are many other Latin American artists whose work is in demand around the world.
So, in total, between 1998 and 2022, 6,904 Latin American artists sold at least one piece of art publicly. In total, this amounted to 152.5 thousand transactions, the total auction turnover was $2.92 billion.
The superstars of Latin American art, in fact, come from eight countries, each representing one or more important artists: Chile with Roberto Matta, Uruguay with Joaquin Torres-Garcia, Venezuela with Jesus-Rafael Soto and Carlos Cruz-Diez… 100 in total Hispanic signatures generate 82% of the market value of the entire segment.
The most sought-after Latin American works on the international art market were created around the middle of the 20th century, mainly by artists who gravitated toward surrealism. But works created in the 1990s are also popular: sculptures and paintings by Botero, installations by Gonzalez-Torres.
Despite the small number of her works in open auction sales, Frida Kahlo is one of the ten most successful painters on this market. At the same time, she is the best-selling artist. But among the 100 most successful Latin American artists in general, there are ten more women: Beatriz Milhazes, Adriana Varejan, Carmen Herrera, Maria Berrio, Lygia Clark, Amelia Pelaez, Marta Boto, Alicia Perez Penalba, Doris Salcedo and Maria Freire.
It turns out that in Latin America the proportion of women artists is higher than anywhere else.
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