For the record

It was Ang Kiukok who was the spectacular runaway winner. Apart from his ‘Cactus and Yellow Window,’ two other works from the artist achieved astounding results, with ‘Mother and Child’ and a still life titled ‘Flowers, Vase, Table’ closing at P5,606,400 and P4,438,400, respectively.

‘Fat & Thin’ by Alfonso Ossorio, 1962, 84 x 69 cm (33 x 27 in) frame: 65 x 50 cm (25 1/2 x 19 3/4 in).PHOTOGRAPHS COURTESY OF SALCEDO AUCTIONS

Published on:

23 Jun 2024, 16:20

Salcedo Auctions’ recently concluded The Finer Pursuits sale was a milestone with the auction house’s chairman and chief specialist Richie Lerma proudly introducing his son, Joaquin Lerma, as the auctioneer for the latter part of the sale while wife Karen Lerma fielded phone bids nearby. The Lermas’ eldest couldn’t have chosen a better event to mark his debut as auctioneer, with the marquee sale achieving new records — most notably the Anita Magsaysay-Ho egg tempera painting selling for a jaw-dropping P39,712,000 — surpassing its previous record by approximately 300 percent.

Close on its heels were works that went for over P10 million: Fernando Amorsolo’s captivating Planting Rice with Mayon Volcano, which sold for a whopping P14,016,000, and Ang Kiukok’s Cactus and Yellow Window, selling for P11,096,000.

‘MOTHER and Child’ by Ang Kiukok.

‘Untitled (Women and Children)’ by Mauro Malang Santos, oil on canvas, 76 x 76 cm (30 x 30 in).

Anita Magsaysay-Ho’s very rare egg tempera on board, 1953.

‘Invierno en Sevilla IV’ by Fernando Zóbel, 1977, oil on canvas, 40 x 70 cm (15 3/4 x 27 1/2 in).

a stunning 10 to 11 carat pear-shaped brilliant cut diamond.

Other lots that drew robust bids included Fernando Zobel’s Invierno en Sevilla IV closing at P8,526,400 — a new record for a painting from his Serie Blanca or White Series; Mauro Malang Santos’ untitled painting of women and children selling at P8,760,000; Alfonso Ossorio’s Fat & Thin selling at P6,424,000; Arturo Luz’s untitled burlap work drawing a final price of P5,840,000; and Lee Aguinaldo’s Painting in Green No. 2 fetching P4,438,400.

It was Ang Kiukok who was the spectacular runaway winner. Apart from his Cactus and Yellow Window, two other works from the artist achieved astounding results, with Mother and Child and a still life titled Flowers, Vase, Table closing at P5,606,400 and P4,438,400, respectively.

The jewelry sale also caused a suspenseful bidding war for a stunning 10- to 11-carat pear-shaped brilliant cut diamond that finally sold for P4,672,000!

After such a fantastic sale to end its auction calendar’s first half, Salcedo Auctions is now inviting consignments for the gavel&block online sale in July and The Well-appointed Life live and online auction slated for 14 September.

For inquiries, email info@salcedoauctions.com or phone +639171075581 | +639175723990 | +639178257449.

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