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Records are broken yet again at Salcedo Auctions' sale of Important Philippine Art on March 7.
HR Ocampo. Pagoda. 1967.
The National Artist H.R. Ocampo breaks the record for art auctions, with his 1967 oil on canvas work, "Pagoda," fetching 31 million pesos (36,208,000 pesos with the buyer's premium) at Salcedo Auctions' Important Philippine Art sale. Juan Luna's long lost "Aesop after Velazquez" sold for 17.5 million pesos, also at Salcedo Auctions, holding the record-high for 2014. This year, Luna's "A Farm House" from the 1890's sold for 4,672,000 pesos, which is double its published estimate.
(See the exceptional timepieces that were auctioned off here.)
Alfonso Ossorio. We Are Many. 1950.
The internationally acclaimed Alfonso Ossorio's work attained more than 11 million pesos as well with the 1950's magnum opus, "We Are Many." The piece is among the artist's "Victorias" series.
Juan Luna y Novicio. A Farm House. Circa 1890s.
Richie Lerma, art advisor at Salcedo Auctions, says: "The outcome of this sale reinforces our view that the best works by the most important artists will get exceptional results when these are presented to discerning buyers by a trusted venue. We are immensely proud that Salcedo has delivered this result for Philippine art, and will continue to work passionately to do so."
Consignments are now being accepted for 'The Well-Appointed Life: An Auction Weekend,' scheduled in September 2015.
Categories include Important Philippine Art, Connoisseur Collection, Fine Jewelry & Timepieces and Rare Automobiles. For inquiries, phone +63 2 6594094 / 823.0956 or email info@salcedoauctions.com
