| A Diego Rivera Painting Sells Privately for $15.7M Claudia Torrens - The Associated Press | |
| go to original May 20, 2016 |
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A Diego Rivera painting has sold privately for $15.7 million, setting a world record price for any Latin American work of art, Phillips auction house said Friday.
The price for "Dance in Tehuantepec" nearly doubles the figure paid at auction last month for a painting by Frida Kahlo, Rivera's wife whom he later divorced. Her "Two Nudes in the Forest (The Land Itself)" set a new auction record for Latin American art.
The private sale was facilitated by Phillips.
The buyer, Argentinian collector Eduardo Constantini, told The Associated Press that he has waited 20 years to acquire "Dance in Tehuantepec," which he unsuccessfully tried to purchase in 1995 when it came up at auction at Sotheby's.
It has been out of public view since then.
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