Who purchased the work of Frida Kahlo, the costliest of a Latin American artist?

Argentine businessman Eduardo Costantini is completely happy concerning the repercussion of getting been the customer of the self-portrait of Frida Kahlo that final Tuesday turned the costliest work of a Latin American artist in historical past bought at public sale, reaching 34.9 million {dollars}: “I always defended her. Frida is here to stay in art history, ”he informed Efe.

Kahlo’s “Diego y yo” self-portrait broke a number of data on the Sotheby’s public sale in New York, quadrupling the earlier report excessive of the Mexican painter herself of 8 million {dollars} achieved in 2016 and likewise surpassing that of a Latin American artist , which was supported exactly by her husband, Diego Rivera.

“More than the record, it is the emotion of being able to have acquired such an important work,” mentioned Costantini, from Uruguay, and recalled that different occasions he had purchased essential works at extra accessible values.

For Costantini, this acquisition was about “a double phenomenon” as a result of “Latin American art has valued everything” and “Frida was given the valorization of Latin American art”, however she identified that she “is a phenomenon that transcends Latin American art because it is a phenomenon of global art ”.

“Besides it is very loved by the public,” he careworn.

The work, 30 centimeters excessive and 22.4 huge, is a close-up self-portrait of Kahlo that was accomplished in 1949, just a few years earlier than her loss of life.

The piece symbolizes the tempestuous relationship between Kahlo and Rivera, which seems drawn on the Mexican lady’s brow and who in flip has a 3rd eye, a component with which she tries to signify the continual presence of her husband in her thoughts.

The final time it went up for public sale, in 1990, this self-portrait had already set a milestone by promoting for $ 1.4 million, marking the primary time {that a} million-dollar bid for an artist’s work was exceeded. Latin American.

This time, Costantini thought-about that the “work is valued at a forced, high value” and recalled that he and one other purchaser have been on the public sale “who thank God did not want to bid.”

UNIQUE ARTIST

Costantini, a famend artwork collector and founding father of the Museum of Latin American Art of Buenos Aires (Malba), purchased “Diego y yo” for his personal assortment.

In 1995 he had purchased “Self-portrait with monkey and parrot”, by Kahlo, which at this time has the Malba, for 3.2 million {dollars}, which was a report for seven years.

The collector mentioned that “he was looking for” work by the Mexican and “what he most wanted” was “a dramatic work of hers.” He defined that in “Diego y yo” he has “a double portrait” and identified that “there are two works by Frida where Diego and Frida are.”

He has defended Kahlo earlier than one of many administrators of Malba: “Frida is here to stay in art history” as a result of “she is a unique artist, she is one of the great masters of Latin American art and art in general.”

COLLECTOR

Costantini – founder and chief of the actual property developer Consultatio and Consultatio Asset Management – started shopping for artistic endeavors in 1970.

20 years in the past he based the Malba, to which he donated some 220 works and the place at this time he makes the works of his personal assortment obtainable. The museum, which has its personal acquisition program, at this time has some 700 works.

In parallel, Costantini has continued with the private program of acquisition of works, and his assortment at this time has about 500 items together with the gathering of pictures.

“My standards, discovered from my trainer Ricardo Esteves, is at all times to purchase one of the best works by one of the best artists. Do not purchase so much, purchase good, “he mentioned.

“If you take the Malba and add the private collection, you have works that split the earth,” he was excited.

He foresaw that “without a doubt the first loan” from “Diego and I” will likely be to Malba, in 2022, however he identified that he nonetheless has to judge easy methods to exhibit it as a result of “lately” he has had “the opportunity to buy important pieces” that by no means have been exhibited within the museum.

VISIBILITY

With the acquisition of “Diego y yo”, he thought-about that “it is a party” that Malba is talked about and warned that for Argentina “it is good news”, as a result of “there may be an establishment that continues to guess on Latin American artwork no matter what it occurs politically ”.

As a collector, he thought-about that this acquisition “promotes” him and “is one more piece that is added to a set, makes synergy and is enhanced” following the concept of ​​”a selection of great Latin American works that will help each other”.

“The art world clearly sees a presence and a consistency that is more than four decades old,” he mentioned.

He thought-about that there are different collectors in Argentina, however that they don’t have the “public modality” that he has chosen to observe. “In amassing, I see a public, social, instructional diagonal. I play at that, “he mentioned.

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