Frida Kahlo art fetches record $34.9 million at auction

Source: BBC News [UK state media]

“A painting by Mexican artist Frida Kahlo has sold at Sotheby’s auction house in New York for a record $34.9m (£25m). It is the highest price paid at auction for a Latin American artwork. The record had previously been set by a work by Diego Rivera, with whom Kahlo had a decades-long tumultuous relationship. His piece sold for $9.76m in 2018. Kahlo’s painting ‘Diego y Yo’ was one of her final self-portraits. The work depicts a tearful Kahlo with her husband Rivera painted above her eyes. It was described by Sotheby’s at the auction on Tuesday as ‘one of the most important works by Kahlo ever to come to auction’. The buyer has been identified as Eduardo F. Cosantini, who founded a museum in Argentina, according to the New York Times. The painting was last auctioned in 1990 for $1.4 million.” (11/17/21)