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Frida Kahlo's estimated $ 30 million self-portrait on display in Los Angeles
By Robert D. Godwin	 Last updated Oct 28, 2021
Sotheby's continues to display remarkable works of art in its Beverly Hills space, a gallery and retail boutique open to the public.
Following his inaugural exhibition of selected pieces from the Macklowe Collection – unveiled on October 14, featuring Franz Kline, Jeff Koons and Andy Warhol (including Warhol's "Sixteen Jackies" from 1964, which alone is estimated to be between 15 and $ 20 million) – at the center of the new exhibition is "Diego y yo" by Frida Kahlo (Diego and I), the Mexican artist's self-portrait with Diego Rivera from 1949.
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The painting, estimated at more than $ 30 million, is expected to be the most valuable Latin American work of art when it goes on sale in November in New York, according to Sotheby's. When the piece was last sold by Sotheby's in 1990, it received $ 1.4 million, making Kahlo the first Latin American artist to reach over $ 1 million at auction. (The artist's current auction record is $ 8 million). "Diego y yo" is on view from today through Sunday, alongside other selections that include highlights from the Douglas S. Cramer collection and work by Milton Avery d'Estelle and Carl Reiner.
Housed in a 4,300 square foot 1941 building, Sotheby's will continue to offer a rotation of exhibitions, while showcasing limited edition luxury goods, see now, buy now. In addition to the art, there are sneakers (dazzling silver Nikes for $ 4,000?), Handbags (lots of Chanel at the moment), art books, decorative items and clothing. fine jewelry.
"You can buy any of these things and go out," said Mari-Claudia Jiménez, president, CEO and global head of global fine art business development at Sotheby's. "Nothing would stop you from going out with this Chanel bag. And this is not something that has already happened at Sotheby's. Sotheby's has always been very traditionally an auction model so this is a new hybrid, which is very exciting for us.
While the fine arts society showcased a similar concept with pop-ups in East Hampton, NY and Palm Beach, Florida, the Los Angeles destination is on a larger scale.
"Historically, we have organized seasonal traveling exhibitions and we want this space to be much more active. So a collector can come every week or every month and see something different, whether it's great murals or great luxury items. Said Peter Kloman, Senior Vice President and Senior Fine Art Specialist at Sotheby's in Los Angeles.
Sotheby's also plans to use the space for programming, collaborating with other institutions to provide arts education.
"It's a place to come together and have experiences, besides coming to see it as if it were a museum," Jiménez said. "We want to expand our audience, and LA has an incredible amount of opportunities that we haven't yet exploited. I think people still see us as a very, very elitist kind of auction house – where if you're not interested in buying a $ 20 million painting you shouldn't even be. worry about it – and that's not at all what we're trying to portray.
Located at 350 N Camden Drive (adjacent to Christie's and Gagosian Gallery), Sotheby's Frida Kahlo display is open 10 a.m. to 5 p.m. Thursday, Friday and Saturday, noon to 5 p.m. Sunday. Next on the agenda, Fabrizio Moretti from The Strokes will present an immersive installation at the end of November.
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