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Frida Kahlo portrait could sell for $60 million and shatter records at Sotheby’s

LONDON (AP) 鈥 face is one of the best known in art, thanks to her bold and challenging self-portraits.

A lesser-seen self-depiction by the is going up for auction at Sotheby鈥檚 in what could be a record-setting sale.

With an estimated price of $40 million to $60 million, 鈥淓l sue帽o (La cama)鈥 鈥 in English, 鈥淭he Dream (The Bed)鈥 鈥 may surpass the top price for a work by any female artist when it goes under the hammer on Nov. 20. That record currently stands at $44.4 million, paid at Sotheby鈥檚 in 2014 for Georgia O鈥橩eeffe鈥檚 鈥淛imson Weed/White Flower No. 1.鈥

The highest price at auction for a Kahlo work is $34.9 million, paid in 2021 for depicting the artist and her husband, . Her paintings are reported to have sold privately for even more.

鈥淚t’s not just one of the more important works by Kahlo, but one of a few that exists outside of Mexico and not in a museum collection,鈥 said Julian Dawes, vice chairman and head of impressionist and modern art for Sotheby鈥檚 Americas. “So as both a work of art and as an opportunity in the market, it could not be more rare and special.鈥

Kahlo vibrantly and unsparingly depicted herself and events from her life, which was upended by a bus accident at 18. She started to paint while bedridden, underwent a series of painful surgeries on her damaged spine and pelvis, then wore casts until her death in 1954 at age 47.

Painted in 1940, 鈥淓l sue帽o (La cama)鈥 shows the artist, wreathed in vines, lying in a four-poster bed floating in a pale blue sky. A skeleton wired with dynamite and clutching a bouquet of flowers lies atop the canopy.

The image is exploding with symbolism and feels like an allegory 鈥 but the artist really did have a papier-m芒ch茅 skeleton on top of her bed.

Dawes said it’s a psychological self-portrait by an artist at her peak.

鈥淗er greatest works derive from this moment between the late 1930s and the early 1940s,鈥 he said. 鈥淪he has had a variety of tribulations in her romantic life with Diego, in her own life with her health, but at the same time she鈥檚 really at the height of her powers.鈥

Last exhibited publicly in the late 1990s, the painting is the star of a sale of more than 100 surrealist works by artists including Salvador Dal铆, Ren茅 Magritte, Max Ernst and Dorothea Tanning. They are from a private collection whose owner has not been disclosed.

A century after Andre Breton鈥檚 鈥淪urrealist Manifesto鈥 defined a revolutionary artistic movement characterized by unsettling juxtapositions and paradoxical statements, interest in 鈥 and prices for 鈥 surrealist art are booming. Surrealism鈥檚 share of the art market rose from 9.3% to 16.8% between 2018 and 2024, according to Sotheby鈥檚. sold last year for $121.2 million, a record for a surrealist work.

Kahlo resisted being labeled a surrealist, but Dawes said her 鈥渇ascination with the subconscious鈥 and use of otherworldly imagery place her squarely in that tradition.

He said it鈥檚 no surprise the genre is undergoing a resurgence.

鈥淭here are so many interesting parallels between the 1920s and the 2020s,鈥 Dawes said. 鈥淐oming out of a crippling global pandemic, a world that has to confront war on a more graphic and intimate level that had ever been experienced before 鈥 and economic and political and social forces swirling in the background that are eerily similar.鈥

The Kahlo painting is on show at Sotheby鈥檚 in London until Tuesday, and then tours to Abu Dhabi, Hong Kong and Paris before the sale in New York.

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