In May, a painting hailed by Sotheby’s as one of the most important pieces by Diego Rivera to go to auction in recent years will headline the auction house’s Latin American art sale. The 1951 oil on canvas painting “Portrait of Senorita Matilde Palou” was last seen in public in 1988, when Sotheby’s previously sold it for $203,000. Axel Stein, Sotheby’s head of Latin American art, said in an email to The Associated Press. “The painting is a wonderful example of the artist at the height of his powers and a glorious symbol of Mexican national pride. It is undoubtedly one of the most important works by the artist to appear at auction in recent memory.” On Wednesday, the painting will go on view in Sotheby’s galleries in Los Angeles as a prelude to the auction in New York on May 25th.
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