Issued by Colombia in 1990, this 150-centavos airmail stamp commemorates the II Ibero-American Theatre Festival of Bogotá, one of the most important performing-arts events in Latin America. The design features a stylized theatrical face motif in bronze tones, symbolizing drama and cultural expression across the Spanish- and Portuguese-speaking world. The soft peach background and minimalist typography reflect a modern graphic style typical of late-20th-century Colombian philately. Printed by Carvajal S.A., the stamp appeals to collectors interested in cultural festivals, performing arts, and contemporary design.