Thursday, May 29, 2008

Trovador , a 1954 by Rufino Tamayo, set a new auction record for Latin American art, selling for $7.2 million, last night at Christie's in New York. The record had previously been held by Frida Kahlo's Roots, which sold for $5.6 million in 2006. Tamayo's previous record was $2.5 million, set at Christie's in 1993 for his painting America (Mural). The Latin American art sale continues today at Christie's.

Trovador was formerly part of the collection of the Maier Museum of Randolph College in Lynchburg, Virginia. The school decided to sell four paintings from its collection in order to shore up its endowment. This decision was not received favourably.