many of the artists that I associated with the concept of Arte Povera also have connections with Latin America such as Basquiat who has Haitian roots, Fontana who was born in Argentina, and Oiticica who was born in Brazil. What is also interesting is that many of the world’s most popular and influential naive artists also have a connection with Latin America.
A good example of the growing interest in the work of Latin American artists of both the past and present is the continuing success of the PINTA Latin American art fair. Although 2010 was only the fourth edition of the fair there was plenty of evidence to suggest that there is more than enough demand to support a dedicated Latin American art fair. Auction wise, 2010 saw new auction price records for many Latin American artists including: Jorge Jiminez, Helio Oiticica, Adriana Varejao, Julio Galan, Omar Rayo, Julio Le Parc, Wilfredo Lam, Alejandro Otero, Alfonso Michel and many others.
4. Sculpture: The resurgence in the interest of the work of classical style and modernist bronze sculptors, particularly those who work in metal, is somewhat of an odd and puzzling trend. There is, however, an increasing interest being shown in the work of sculptors such as Barbara Hepworth, Rembrandt Bugatti, Alberto Giacometti, August Renoir and Matisse. Christie’s set the benchmark at the beginning of 2010 when they set a new auction record for Giacometti, and a new record for a work of art sold at auction, when they sold the Alberto’s life-size bronze sculpture titled ‘L’Homme Qui Marche I’ for 65 million pounds. Proving that the Giacometti record wasn’t a fluke, Christie’s again made headlines in June when they sold Modigliani’s modernist sculpture titled ‘Tęte’ for 43.2 million euros in Paris – an auction record for the artist. In November a new auction record was set for Matisse when Christie’s sold the artist’s ‘Nu de dos, 4 etat (Back IV)’ bronze sculpture for a $48.8 million. Although Christie’s appeared to dominate the metal sculpture trend, Sotheby’s also made some significant contributions with outstanding prices achieved for a range of bronze sculptures by Dame Barabara Hepworth and Rembrandt Bugatti.
5. Nationalistic Art: The beginning of the sentimental art market era, which I have written about extensively on my blog, has influenced a shift of focus towards the work of artists whom collectors can relate to on a cultural or generational level. Artists whose work is iconically representative of a particular era or culture are being pursued by collectors of that culture or era. The stark and sterile work of the contemporary art market boom combined with the faceless commercialism of the modern world is heavily responsible for what I believe to be a yearning that many art collectors and investors have to revive in themselves a sense of culture and place. As I wrote in my previous post “When art collectors or investors seek safety and familiarity they are most likely to gravitate towards works by artists from the era