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ART MARKET NEWS

Filipino Art Auction: Record Sales and Stunning Pieces

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Fernando Amorsolo (1892–1972), Under the Mango Tree. Oil on canvas, 38” x 38” (97 cm x 97 cm). This is one of the top lots at the Filipino art auction. Image: León Gallery

From record-breaking sales to historical documents, the Filipino art auction at León Gallery demonstrated the thriving market for Filipino art and culture.

BY ARTCENTRON NEWS

MANILA, PHILIPPINES – Filipino art reached unprecedented heights during a recent auction at León Gallery. This highly anticipated event showcased exceptional artworks, drawing global attention from collectors and art enthusiasts alike.

Fernando Amorsolo’s Masterpiece

One standout piece was Fernando Amorsolo’s renowned painting, Under the Mango Tree (1929). This masterpiece, celebrated for its vibrant depiction of rural life, sold for an astounding PHP 57.6 million (approximately $1 million), setting a new record for the artist. This significant sale is particularly notable as it was the first time the painting had been available for public auction in 95 years.

“It proves that the Philippine art market is thriving,” said Jaime Ponce de Leon, Director of León Gallery. “We faced challenges due to market fluctuations, but our rare offerings helped us overcome these obstacles.”

Historical Significance of Filipino Art Auction Record

In addition to Amorsolo’s work, the auction featured historical documents, including the only known copy of the “Acta de Proclamacion de Independencia del Pueblo Filipino” (Philippine Declaration of Independence). This document fetched PHP 11.4 million (about $200,159), setting a new benchmark for Philippine historical artifacts.

The auction also highlighted the works of Alfonso Ossorio, a prominent avant-garde artist. His untitled abstract painting from 1957 achieved a remarkable PHP 33.6 million (approximately $590,000.) Ossorio’s work, influenced by Abstract Expressionism, reflects the dynamic shifts in Filipino art during the mid-20th century.

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Founded in 2010, León Gallery has become a leading platform for Filipino art. Since its inaugural auction in 2013, it has consistently focused on promoting high-caliber artworks. Ponce de Leon emphasized the gallery’s unique position: “We may be smaller than major American auction houses, but our agility allows us to respond effectively to market trends.”

Future of Filipino Art Auction at León Gallery

With the success of the recent auction, León Gallery continues to take bold steps. Art collectors and enthusiasts can look forward to the next sale showcasing more exceptional pieces from renowned Filipino artists.

This auction not only highlights the vitality of the Philippine art scene but also underscores the global appreciation for its cultural treasures. As León Gallery continues to break records, it solidifies its reputation as a premier destination for art collectors around the world.

 

 

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