The colorful painting entitled “Los Rivales” (The Rivals) and sold by Christie’s depicts two men at a traditional Mexican celebration.
Until now the record was held by a Kahlo work auctioned in 2016 for US$8 million (RM31.9 million). The 1939 painting is entitled “Dos desnudos en el bosque (La tierra misma),” which translates as “Two Nudes in the Forest (The Earth Itself).”
A Rivera work also holds the record for most paid ever for a Latin American piece of art, not just at auction.
That work, which the Mexican artist completed in 1928, went to a private Argentine collector, Eduardo Constantini, for US$15.7 million (RM62.6 million) in 2016. It was entitled “Baile en Tehuantepec.”
The website ARTnews said “The Rivals” went to an unnamed collector bidding by phone.