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

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

Kahlo’s “Diego y yo” self-portrait broke a number of information on the Sotheby’s public sale in New York, quadrupling the earlier document excessive of the Mexican painter herself of 8 million {dollars} achieved in 2016 and in addition 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,” stated 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 confused.

The work, 30 centimeters excessive and 22.4 extensive, is a close-up self-portrait of Kahlo that was accomplished in 1949, a number of years earlier than her dying.

The piece symbolizes the tempestuous relationship between Kahlo and Rivera, which seems drawn on the Mexican girl’s brow and who in flip has a 3rd eye, a component with which she tries to symbolize 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 had 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 as we speak has the Malba, for 3.2 million {dollars}, which was a document for seven years.

The collector stated 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 true 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 as we speak he makes the works of his personal assortment accessible. The museum, which has its personal acquisition program, as we speak has some 700 works.

In parallel, Costantini has continued with the non-public program of acquisition of works, and his assortment as we speak has about 500 items together with the gathering of images.

“My standards, discovered from my instructor Ricardo Esteves, is all the time to purchase the most effective works by the most effective artists. Do not purchase so much, purchase good, “he stated.

“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” shall be to Malba, in 2022, however he identified that he nonetheless has to guage learn how to exhibit it as a result of “lately” he has had “the opportunity to buy important pieces” that by no means had 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’s an establishment that continues to wager 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 stated.

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, academic diagonal. I play at that, “he stated.

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