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Market File: Rufino Tamayo

By Katherine Jentleson

Published: November 21, 2007
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From the Files
+ In 1926, Tamayo had his first solo show in New York, at the Weyhe Gallery- three years before his first one-man show at the Palacio de Bellas Artes, his native Mexico's most prestigious art showcase.

+ Mujer arreglandose el pelo, 1944, which sold for $209,600 in November 2003 at Sotheby's, holds Tamayo's auction record for a work on paper. Privately, such works sell in the range of $60,000 to $70,000.

+ Tamayo completed only about 11 sculptures, and they maintain a consistent price range between $200,000 and $300,000.

+ In 1981, Tamayo unveiled his Museo Tamayo Arte Contemporaneo, in Mexico City. He fashioned it to be a contemporary art museum on a broad scale—beginning with artists like Mark Rothko— instead of just an exhibition space for his own work.

+ Monterrey, Mexico, is the place to see the artist at his grandest: The city is home to two cosmic Tamayo murals, Eclipse total, 1977, and El universo, 1982, as well as an 89-foot-tall metal sculpture, Homenaje al sol, 1980.
Sheehy, who experienced the potency of Tamayo’s market firsthand when he held a successful gallery show of the artist’s work last spring, predicts that his prices will continue to rise. “When you see artists in the contemporary art world that have a very thin body of work selling for millions,” he says, “and you see an artist like Tamayo—whose work, whether you like it or not, is going to be around a hundred years from now—selling for much less, you realize that he’s a bargain.”

"Market File: Rufino Tamayo" originally appeared in the November 2007 issue of Art+Auction. For a complete list of articles from this issue available on ARTINFO, see Art+Auction's November 2007 Table of Contents

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