Art Market Watch
SPRING SALES OF LATIN AMERICAN ART
by Jessica Mizrachi
The New York auction houses -- Phillips de Pury & Co.
-- 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.