Rufino Tamayo painting sells for $7.2 million, sets record for Latin American art

Posted on: May 29th, 2008
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“Rufino Tamayo’s “Troubadour” was auctioned Wednesday for $7.2 million, more than doubling the Mexican painter’s previous high and setting a new world auction record for Latin American art.

The painting, which depicts a musician strumming his guitar as two women watch, was acquired at a Christie’s auction by an anonymous telephone buyer in “very active” bidding, said Sung-Hee Park, spokeswoman for Christie’s.

The $7.2 million bid easily topped the expected sale price of $2 million to $3 million, eclipsing the previous record for a Tamayo painting of $2.59 million and topping Frida Kahlo’s “Roots,” which sold in May 2006 for $5.6 million.”*

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