It took less than 10 minutes for La Pintura, a painting by the Filipino artist Felix Resurreccion Hidalgo, to go from its starting price of P18 million to its record-breaking selling price this afternoon at P78,256,000 (including buyers premium).
It is the highest ever paid for a work by Hidalgo, according to Salcedo Auctions, beating the P51,600,122 price of the artist’s “Pareja de jóvenes tagalos ante un rio,” an oil on canvas work auctioned October last year at the auction house Subastas Segre in Spain.
You may also like:
The auction, held at the Manila Peninsula’s Rigodon Ballroom, was a well-attended affair. The Hidalgo took center stage at about 3:50PM and was sold nine minutes after. The hammer went down at P67 million. The audience started applauding at the P40 million mark. Afterwhich the room turned silent— but only because people started pulling out their phones to document the sale.
“La Pintura,” a 150 x 75 cm. oil on canvas work believed to have been painted during the 1890s, features the image of a Caucasian lady standing in front of a painting with a paintbrush on one hand. It has been in the possession of a family in Spain for almost 130 years, specifically the descendants of Don Xose Vasquez Castiñeira, a former mayor in Spain. It is the same family that was the custodian of the boceto of Juan Luna’s “Spoliarium” before it was auctioned last year, also by Salcedo Auctions. It was exhibited in 1889, along with other works by Hidalgo, at the 1889 Paris Universal Exposition. It arrived for the first time in Manila in May of this year.