A self-portrait by Frida Kahlo that had been held in a private collection for 30 years sold for a record-setting $34.9 million (including fees) at Sotheby’s in New York on Tuesday evening.

The painting, Diego y yo (1949), depicts the artist gazing tearfully at the viewer; superimposed on her forehead is an image of her husband, the muralist Diego Rivera, who himself has a third eye.

The result quadrupled the artists’s previous auction record of $8 million, notched in 2016 when her 1939 painting Two Nudes in the Forest (The land itself) sold at Christie’s in New York.

Just two bidders—one on the phone with Julian Dawes, Sotheby’s co-head of Impressionist and modern art in New York, and the other on the phone with Anna di Stasi, Sotheby’s senior vice president for Latin American art—competed for the work. The painting, which was offered in the sale with an irrevocable bid hammered with di Stasi’s client at a hammer price of $31 million, just above the $30 million low estimate. The winning buyer was Eduardo F. Costantini, founder of Malba, Museo de Arte Latinoamericano de Buenos Aires.

The Kahlo painting was sold by a descendant of a New York collector, who purchased it in 1990 at Sotheby’s for $1.4 million. Prior to that sale, it belonged to Chicago writer and critic Florence Arquin, who was a friend of Rivera and Kahlo.

Not only did Diego y yo bring a new artist record for Kahlo, it also become the most expensive work by a Latin American artist ever sold at auction, surpassing the previous record held by Rivera’s painting The Rivals, which sold at Christie’s for $9.8 million in 2019.

In a statement, Dawes said, “Tonight’s outstanding result further secures her place in the auction echelon she belongs, as one of the true titans of 20th century art.”

Source: Frida Kahlo Portrait Sells for Record $35 M. at Sotheby’s

Frida Kahlo Portrait Sells for Record $35 M. at Sotheby’s - Click To Share

Share on facebook
Share on twitter
Share on reddit
Share on linkedin
Share on email
Share on whatsapp

Other recent press releases

*This is a free press release. All upgraded press releases are ad-free!

Business Economists Expect Persistent Inflation: NABE Survey

A 48-member panel of business economists has sharply raised its expectations for inflation compared to its September forecast, with two-thirds predicting that wage increases will keep inflation higher over the next three years. A survey released on Dec. 6 by the National Association for Business Economics (NABE) shows that its panel of forecasters expects consumer…

Texas School Board Member Publicized Personal Info of Parents Who Challenged Mask Mandate

( Vepar5/Getty Images) A member of the Fort Worth, Texas, school board’s Racial Equity Committee attempted to justify her decision to disclose the personal information of parents who challenged the district’s mask mandate in court. “Some people consider my actions doxxing,” Norma Garcia-Lopez, the committee’s co-chair, told the Fort Worth Star-Telegram. “It’s not doxxing when…

Iberia Commissions $13 Million Solar Plant At Madrid Airport

Photo: shutterstock.com Reading Time: < 1 minuteIberia is installing solar panels on its 20,000sq m aircraft engine maintenance hangar at Madrid airport as part of its goal to reach zero net emissions by 2050. The solar field set up on the roof of the engine shop, occupies 10,000 square meters, and generates 80 million kW…