Diego Rivera painting sells privately for $15.7 million
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, according to Associated Press.
The price for "Dance in Tehuantepec" nearly doubles the figure paid at auction last month for a painting by Frida Kahlo, Rivera's wife. Her "Two Nudes in the Forest set a new auction record for Latin American art, the agency writes.
The buyer, Argentinian collector Eduardo Costantini, 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.
"Dance in Tehuantepec," created in 1928, depicts a group of dancers performing the folk dance "zandunga" under a banana tree. It is one of the largest canvases the acclaimed Mexican muralist painted during his lifetime.