A correspondent writes about the horrible loss of an important art collection in Brazil estimated to be worth $50m but clearly far more valuable to art history:

A short-circuit in an air-conditioning device caused a fire  that destroyed the apartment of a legend of the Brazilian art market, Jean Boghici. The 84-year-old was one of the biggest art collectors and dealers in Brazil.

Masterworks were lost by Brazilian modernists, but also by international masters (Calder mobiles apparently).  The 1925 paintingis one of the works which was destroyed. That painting alone would be worth about $10 million it was like the Mona Lisa of Brazilian modernism.

The Washington Post adds:

Also gone is the painting “Floresta” by another Brazilian artist, Alberto Guignard.