Dallas Auction Gallery set a record auction price for the contemporary artist Carlos Cruz-Diez (Venezuela, b 1923) during its April 25 Modern art and antique auction. The multimedia piece, “Physichromie no. 511,” sold for $519,000, including the buyer’s premium. It had been estimated at $150/250,000.
Adriane Crosland, director of fine arts, said, “We were pleased to be able to offer this important work by Carlos Cruz-Diez that has remained in a private collection since 1970.”
The piece is made of extruded PVC, casein (plaka) and acrylic inserts mounted on plywood with an aluminum strip frame; it is 40 by 95½ inches and signed, titled and dated 1970 on the reverse. Cruz-Diez is known for his kinetic art, and this piece was exhibited at the XXXV Biennale de Venezia, Venice, Italy, in 1970.
Scott Shuford, president of Dallas Auction Gallery, said, “We are very proud of the global interest we were able to generate for this spectacular work of art. Phone bidders from Spain, Italy, England, Brazil, Venezuela, Switzerland and the United States made it an exciting auction. The consigner of this piece was very pleased.”
A full review of the auction will appear in a future issue.
