"A Vision of Grandeur, Masterworks from the Collection of Lorenzo H. Zambrano," Latin American Art auction at Sotheby's Novemer 24, 2014

Lorenzo Zambrano, who died in 2014, was the head of Cemex, a cement company founded by his grandfather, a major benefactor of MARCO, the Museum of Contemporary Art in Monterrey, Mexico, the founder of the Zambrano Hellion Medical Cneter and a major collector of Latin American Art.

"A Vision of Grandeur, Masterworks from the Collection of Lorenzo Zambrano" will be held at Sotheby's New York November 24, 2014 and will offer 40 works including major works by Leonora Carrington, Remedios Varo, Francisco Toledo, Diego Rivera and Rufino Tamayo and numerous self-portraits. Many of the works set auction records for the artists.

Detail of Lot 17

The cover illustration of the auction's catalogue is Lot 17, "The Temptation of Saint Anthony" by Leonora Carrington (1917-2011). An oil on canvas, it measures 48 by 35 3/4 inches. It was painted in 1945 and has been widely exhibited and published.

The catalogue entry for this lot notes that Albert Lewin, a film-maker, organized a competition for artists to paint a Surrealist version of The Temptation of Saint Anthony and among the artists invited to participate were Carrington, Max Ernst, Salvador Dali, Dorothea Tanning, and Paul Delvaux. Ernst won the competition. Carrington's painting has been widely exhibited.

It has an estimate of $1,800,000 to $2,200,000. It sold for $2,629,000 including the buyer's premium, an auction record for the artist.

85 percent of the 40 offered lots sold for $17,632,000.

Lot 26, "Efacia la torre," by Remedios Varo, oil on masonite, 48 3/8 by 39 3/8 inches, 1960

Lot 26 is a fine oil on masonite by Remedios Varo (1908-1963) entitled "Efacia la torre." It measures 48 3/8 by 39 3/8 inches and was painted in 1960. It is the back-cover illustration of the catalogue and has been widely exhibited and published.

Detail of Lot 26

The painting, which is part of triptych since disassembled, has an estimate of $2,500,000 to $3,500,000. It sold for $4,309,000, an auction record for the artist.

Lot 13, Sin titulo, by Francisco Toledo, oil on board, 76 by 170 1/2 inches, 1966

Lot 13 is a very fine, huge, untitled oil on board by Francisco Toledo (b. 1940). It measures 76 by 170 1/2 inches and was painted in 1966. It has an estimate of $900,000 to $1,200,000. It sold for $605,000, an auction record for the artist.

Lot 4, "La Raison du Plus Fort," by Rodolfo Nieto, oil on canvas, 31 7/8 by 39 1/8 inches, circa 1975

Lot 4 is a very bold and fine cat painting by Rodolfo Nieto (1936-1988) entitled "La Raison du Plus Fort." An oil on canvas, it measures 31 7/8 by 39 1/8 inches and was painted circa 1975. It has an estimate of $350,000 to $450,000. It sold for $497,000, an auction record for the artist.

Lot 23, "Rio Juchitan," by Diego Rivera, oil on canvas laid down on board in four panels, three panels 59 1/4 by 82 1/4 inches and the fourth panel 59 7/8 by 98 1/2 inches, circa 1955

Lot 23 is a four-panel oil on canvas laid down on board by Diego Rivera (1886-1957) entitled "Rio Juchitan." It measures about 60 by 344 inches and was painted circa 1955. It is part of the National Heritage of Mexico and cannot be exported out of the country. It has an estimate on request. It failed to sell.

Lot 14, Self-Portrait at First Communion, by Fernando Botero, oil on canvas, 42 3/8 by 37 inches, 1970

Mr. Zambrano collected a lot of self-portraits. Lot 14 is one "at first communion" by Fernando Botero (b. 1932). An oil on canvas, it measures 42 7/8 ny 37 inches and was painted in 1970. It has an estimate of $350,000 to $450,000. It sold for $515,000.

Lot 12, "Self-Portrait," by José Clemente Orozco, oil on canvas, 29 by 24 inches, 1938

Lot 12 is a strong self-portrait by José Clemente Orozco (1883-1949). An oil on canvas, it is measures 29 by 24 inches and was painted in 1938. It has an estimate of $600,000 to $800,000. It sold for $827,000, an auction record for the artist.

Lot 30, self-portrait, by Armando Reveron, tempera and oil on paper laid down on canvas, 36 5/8 by 25 inches, 1934

Lot 30 is a self-portrait by Armando Reveron (1889-1954). A tempera and oil on paper laid down on canvas, it merasures 36 5/8 by 25 inches and was painted in 1934. It has an estimate of $200,000 to $300,000. It sold for $203,000.

Lot 5, Self-portrait, by Wilfredo Lam, gouache on paper mounted on canvas, 35 by 24 1/4 inches, circa 1938

Lot 5 is a self-portrait by Wilfredo Lam (1902-1982). A gouache on paper mounted on canvas, it measures 35 by 24 1/4 8inches and was painted circa 1938. It has an estimate of $250,000 to $350,000. It sold for $401,000.

Lot 7, self-portrait, by Amelia Peláez, gouache on paper laid down on board, 28 1/2 inches square, 1945

Lot 7 is a quite striking self-portait by Amelia Peláez (1896-1968). A gouache on paper laid down on board, it is 28 1/2 inches square. It was painted in 1945. It has an estimate of $350,000 to $450,000. It sold for $341,000.

Lot 32, "Selva tropical," by Armando Morales, oil on canvas, 63 by 78 3/4 inches, 1989

Lot 32 is a large and excellent oil on canvas by Armando Morales (1927-2011) entitled "Selva tropical." It measures 63 by 78 1/4 inches and was painted in 1989. It has an estimate of $200,000 to $300,000. It sold for $521,000, an auction record for the artist.

See The City Review article on the Spring 2014 Latin American Art auction at Sotheby's New York

See The City Review article on the Spring 2014 Latin American Art auction at Christie's New York

See The City Review article on the Fall 2013 Latin American Art auction at Sotheby's New York

See The City Review article on the Fall 2013 Latin American Art auction at Christie's New York

See The City Review article on the Spring 2013 Latin American Art auction at Sotheby's New York

See The City Review article on the Spring 2013 Latin American Art auction at Christie's New York

See The City Review article on the Fall 2012 Latin American Art auction at Sotheby's New York

See The City Review article on the Fall 2012 Latin American Art auction at Christie's New York

See The City Review article on the Spring 2012 Latin American Art auction at Sotheby's New York

See The City Review article on the Spring 2012 Latin American Art auction at Christie's New York

See The City Review article on the Fall 2011 Latin American Art auction at Sotheby's New York

See The City Review article on the Fall 2011 Latin American Art auction at Christie's New York

See The City Review article on the Spring 2011 Latin American Art auction at Sotheby's New York