The Latest: Kahlo work sets auction record for artist

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Posted: May 12, 2016 8:43 PM
The Latest: Kahlo work sets auction record for artist

NEW YORK (AP) — The Latest on Christie's sale of impressionist and modern art (all times local):

8 p.m.

A painting by Frida Kahlo has set a new auction record for the Mexican painter at Christie's sale of impressionist and modern art.

"Two Nudes in the Forest (The Land Itself)" sold for $8 million Thursday evening, just matching its low pre-sale estimate.

The painting, which depicts two nudes in a dreamlike setting, was exhibited last year at the New York Botanical Garden. It last appeared at auction in 1989.

The previous auction record for Kahlo was $5.6 million.

The top lot of the sale was an iconic painting by Claude Monet. "Pond with Water LiIies" is one of a sequence of 14 paintings by the French impressionist artist created in 1918-1919. It sold for $27 million. Monet's auction record is $80.4 million.

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12:30 a.m.

A painting by Frida Kahlo is poised to set a new auction record for the Mexican painter at Christie's sale of impressionist and modern art.

"Two Nudes in the Forest (The Land Itself)" is being offered Thursday evening. It has a pre-sale estimate of $8 million to $12 million. The painting, which depicts two nudes in a dreamlike setting, was exhibited last year at the New York Botanical Garden. It last appeared at auction in 1989.

The auction record for Kahlo is $5.6 million.

The top lot of the sale is an iconic painting by Claude Monet. "Pond with Water LiIies" is one of a sequence of 14 paintings by the French impressionist artist created in 1918-1919. It's estimated to bring $25 million to $35 million. Monet's auction record is $80.4 million.