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Latin American Art Growing in Popularity
>A new generation of Latin American artists are ensuring that works from the region are attracting international buyers in increasing numbers. Up until thirty years ago the majority of works coming out of the region were purchased by wealthy Latin American families who would often build their collections up over many generations. Whilst South American buyers and those of Latino origin still make up the lion share of buyers from this diverse and exciting region, Virgilio Garza, Head of Latin American Art at Christies says the category is going increasingly international “The demographics of the clients has changed, little by little there were a lot of American collectors buying Latin American art seriously. Now in the past four years there are other players who have changed the dynamic. There are Europeans, Middle Eastern, some Asian buyers looking for specific things and even Russians have been regular buyers”. Auction house Bonhams have become aware of the increasing interest in the regions’ art and told Alternative Latin Investor they are working towards a fully committed Latin American catalogue in the future. Cindy Cronk, a street art specialist for Bonhams, based in California, sees a long term potential for South American art “I think its been on the radar for a while. Its slowly growing which is actually more stable than say with contemporary Chinese artists, now their works aren’t selling. I think it’s encouraging to see it slowly building up. I think it gives it more stability”
The Cuban Art Revolution
By Tiffany Joy Swenson
Cuban Art has been increasing in value over the past decades. In the following article, ALI speaks with both Cuban-born artist Jake Fernandez as well as Jorge Moya, Curator at the Cuba Art NY foundation. Both parties give their take on why Cuban Art seems to have such alluring investment potential.
Jake Fernandez was born in Havana, Cuba in 1951. His parents, a lawyer and a schoolteacher, settled the family in the town of Consolación del Sur about 120 kilometers west of Havana. Due to the rigors of his family’s political activities—his grandfather was the senator of Pinar del Río in 1928, and his father was the mayor—he shuttled between Havana and the town of Consolación del Sur during his early childhood.
Christies Latin Art Sale Breaks $20 Million
With the world slowly crawling out of the crisis depths, there has been an ignited interest in Latin American fine art investment seen by this year’s Latin Art Sale at Christie’s New York. The sale totaled over $20 million dollars, greatly surpassing last year’s totals. ALI had a chance to speak exclusively with Virgilio Garza, the head of Latin American art sales at Christie’s New York. In the following interview he gives insight to the potential reasons for the sudden turn around.
Brazilian Urban Art: From Street to Chic
Tiffany Joy Swenson
There has always been something fascinating about the allure of Brazilian culture that has caused people from around the world to want to latch on to its magic. From Carnival to Bossa Nova to Victoria’s Secret models—the world wants what Brazil has. When it comes to urban art (commonly referred to as “street” art), Brazil is home to some of the most innovative and inspiring artists to date. The definition of street art, known by some as Graffiti, is “a Form of visual communication involving the unauthorized marking of public space by an individual or group.”
It is true that in cities around the world, many artists have risked delinquency for years in order to display their works. In Brazil, however, authorities stay hushed in light of the cultural value that can be seen in these artistic displays. After having gained recognition in the streets, these artists are quickly translating their works into collectible pieces such as paintings, prints, photos, fashion and more. This new generation of talent has garnered a legion of faithful and surprisingly young followers, and in turn is becoming a focus point in the ever-expanding Latin American art scene
Alternative Latin Investor speaks with Latin American Art Museum of Amersfoort
Latin American art has been on a constant rise in popularity, interest and value. One indicator of this is the opening of LAKMAin Holland. ALI speak with founders learning more about this unique project and the motivation behind it.
