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Fernando Botero
Reclining Woman with Drapery
2004
$722,500
Phillips de Pury & Co. New York
May 21, 2012
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Art Market Watch

SPRING SALES OF LATIN AMERICAN ART
by Jessica Mizrachi

The New York auction houses -- Phillips de Pury & Co., Christie’s and Sotheby’s -- turned their gaze toward Latin America last week. All together, 29 lots by Fernando Botero were offered, but a 1939 portrait of a young girl by Diego Rivera at Sotheby’s carried the highest estimate of all, $4 million-$6 million, though it failed to sell.

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