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Frida Kahlo Self-Portrait Sells for $54.7 Million, Setting Records for Women and Latin American Art

A rare 1940 self-portrait from the Ertegun estate underscores strong demand for major Kahlo works.

Overview

  • Sotheby’s sold El sueño (La cama) for $54.7 million including fees at its Exquisite Corpus evening sale in New York on November 20.
  • Bidding opened at $22 million and concluded in about five minutes, with Anna Di Stasi winning the lot by phone for an undisclosed client.
  • The price surpasses Georgia O’Keeffe’s $44.4 million 2014 benchmark and eclipses Kahlo’s prior high of $34.9 million set in 2021.
  • Pre-sale expectations were $40 million to $60 million, and the work came from the Selma and Nesuhi Ertegun collection, which acquired it in 1980 for $51,000.
  • The 1940 self-portrait depicts Kahlo asleep beneath a skeleton figure entwined with dynamite, a vivid image tied to her personal iconography and life events.