 In 1977 he was awarded the "Acquisition Prize.Childe Hassam Fund Purchase Exhibition" from the American Academy of Arts and Letters and Institute of Arts & Letters, New York.Larraz's work is in several collections, including the American Express Bank, Paris, France; the Cintas Foundation, Inc., New York; the Mitsui & Company, Inc., New York; the Museo de Arte Moderno, Bogota, Colombia, the Museo de Monterrey, Monterrey, Nuevo León, Mexico; the Preston Carter Real Estate, Dallas, Texas, and the World Bank, Washington, D.C.