00:02What do you think about the Casa de Subastas is that we do not work with artists,
00:08we do not represent artists.
00:10The works that are sold here are works that belong to the secondary market,
00:15or at least have been sold once.
00:30You can buy a work for $600,000,
00:33at least, there are 10 in the subasta,
00:37with prices that go from $600,000 to $3,000,000,
00:43and the most expensive work is the Anna Mercedes Hoyos,
00:46estimated $140,000,000.
00:48What do you think about art?
00:54The international market is showing us the path.
01:00It has shown that since 2008 and Lehman Brothers,
01:07when we started the economic crisis,
01:09we saw that art became a refuge,
01:12without a doubt,
01:14that the subastas of high-gama,
01:17in very important places like New York,
01:20for example,
01:21keep achieving topes in the sales and prices,
01:26which shows, without a doubt,
01:27a very good health in the art.
01:31$2,200,000,
01:33$2,400,
01:34$2,600,
01:38$2,600,
01:39$2,600,
01:42Well, I think that the market in Colombia
01:45is still starting,
01:46the collectionism is taking more effort
01:49and I think that the work that we are doing
01:51we are doing,
01:52specifically,
01:53proposing works of very good quality,
01:55at good prices,
01:57it attracts.
01:58I think that in the Colombian artists
02:00we are facing a very interesting movement,
02:03there are artists that are taking more effort
02:07in the market.
02:08I'm thinking, for example,
02:10in Jorge Iriveros,
02:11who is a very good artist,
02:13I think that last year
02:16he had his retrospective
02:17here in the Mambo of Bogotá,
02:20he also is selling
02:21in foreign galleries,
02:24for example,
02:25and Jorge Iriveros,
02:26we can think that
02:28each other is more
02:29the value of his work.
02:31For example,
02:31it is an example,
02:32but yes,
02:33there is no doubt
02:34any interest.
02:35Now, there is a department,
02:37for example,
02:37of Latin American art
02:39in large houses
02:40of subasta,
02:40so,
02:41it shows that
02:42Latin American art
02:44is attractive,
02:46at least in the United States,
02:48where they created
02:49these specialized departments
02:51and here in Colombia
02:53I think that
02:53it is also our role
02:55for us to give visibility
03:00to these Colombian artists.
03:09Obviously,
03:10what the department of art
03:12when he does the value of a piece
03:14is to estimate
03:16the value of the work.
03:19Then,
03:20it is a whole
03:21game of the subasta
03:23that is a bit
03:24a termometer commercial
03:25for an artist,
03:26to see if we are
03:29at these prices,
03:30if we have the right
03:31or if we are going
03:33to reach much higher prices.
03:36So,
03:36who decides that
03:37is obviously
03:38the market,
03:40it is to say,
03:40the demand.
03:41There is demand for
03:42an artist,
03:43or there is no demand
03:44and there is
03:45going to increase
03:46the price,
03:47or not.
03:47500,000.
03:50Muchas gracias.
03:511943.
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