A self-portrait by Frida Kahlo is ready to interrupt data at public sale this fall. Sotheby’s will provide Kahlo’s Diego y yo (1949) throughout a contemporary artwork night sale in New York this November. The work is predicted to fetch $30 million—greater than 3 times the artist’s present public sale milestone of $8 million, notched in 2016.
The soon-to-be-auctioned portray depicts the artist gazing tearfully on the viewer; superimposed on her brow is a picture of her husband, the Mexican painter Diego Rivera, who has a 3rd eye. It involves market after being held privately for 30 years, and is being offered by a collector in Texas.
The present vendor inherited the work from its earlier proprietor, who bought it in 1990 at Sotheby’s for $1.4 million, in opposition to an estimate of $800,000. Previous to that sale, it belonged to Chicago author and critic Florence Arquin, who was a good friend of Rivera and Kahlo.
Describing the work as “emotionally naked and sophisticated,” Sotheby’s chairman Brooke Lampley mentioned in an announcement that Diego y yo is “a defining work by one of many few artists whose affect transcends the world of high-quality artwork to popular culture and past.” Lampley mentioned the sale of the work marks a shift in how the public sale home is now approaching its greatest fashionable artwork gross sales. Since 2017, the home has integrated artwork from Latin America in its fashionable and modern gross sales, and up to now 12 months, it has centered efforts to highlight the work of artists who’ve been traditionally undervalued, particularly ladies and other people of colour.
Not solely is Diego y yo anticipated to deliver a brand new artist file for Kahlo, surpassing the worth paid for her 1939 portray Two Nudes within the Forest (The land itself) at Christie’s in 2016, additionally it is poised to turn out to be the most costly work by a Latin American artist ever offered at public sale. The present file is held by Rivera’s portray The Rivals, which offered at Christie’s for $9.8 million in 2019.
If the current work reaches its $30 million estimate, it is going to additionally turn out to be some of the costly works by a girl ever to be offered at public sale. The sale of Georgia O’Keeffe’s floral nonetheless life Jimson weed/White flower no. 1 (1932) presently holds the file for the most costly work by a girl artist ever offered at public sale. It went for $44.4 million at Sotheby’s New York in 2014.
Beginning on October 7, Diego y yo will go on public show in Hong Kong. After that, it is going to journey to London earlier than reaching its ultimate location in New York forward of its sale in November.