This is how the most expensive Latin American art looks like.
Rufino Tamayo, Trovador (1945)
7.2 million USD in 2008 at Christie's
Frida Kahlo, Raíces (1943)
5.6 million USD in 2006 at Sotheby's
Roberto Matta, La revolte des contraires (1944)
5 million USD this year at Christie's
Diego Rivera, Baile en Tehuantepec (1928)
3.2 million USD in 1995 at Sotheby's
Rufino Tamayo, Rebanadas de sandía (1950)
2.2 million USD in 2011 at Sotheby's
Best year ever for Latin American art was 2008, with an income of 71.5 million USD for Christie's + Sotheby's. The last five years, collectors have paid 195 million USD for Latin American art.