When the piece was last sold by Sotheby’s in 1990, it received $1.4 million, making Kahlo the first Latin American artist to achieve more than $1 million at auction.
Housed in a 4,300-square-foot 1941 building, Sotheby’s will continue to offer a rotation of exhibitions, while showcasing limited-edition, luxury see-now-buy-now goods. Along with the art, there are sneakers , handbags , art books, decorative objects and fine jewelry.
While the fine arts company has presented a similar concept with pop-ups in East Hampton, N.Y. and Palm Beach, Fla., the“Historically, we’ve done seasonal traveling exhibitions, and we want this space to be much more active, and so a collector can come in every week or every month and see something different, whether it’s great paintings on the wall or great luxury items,” said Peter Kloman, Sotheby’s L.A.-based senior vice president and senior fine art specialist.
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