This information was taken from the website know as Butterflies and Moths of North America:
Biblis hyperia (Cramer, 1779)Family: Nymphalidae
Identification: Upperside is brown-black; hindwing has a red submarginal band and a scalloped outer edge.
Wing Span: 2 – 3 inches (5.1 – 7.6 cm).
Life History: Eggs are laid singly or in small clusters on shoots of young host plants. Caterpillars make a perch with dung pellets and silk.
Flight: February and July-November in South Texas, March-November in Mexico and Central America.
Caterpillar Hosts: Noseburn (Tragia volubilis) in the spurge family (Euphorbiaceae).
Adult Food: Rotting fruit and other non-floral resources.
Habitat: Open subtropical forests.
Range: Paraguay north through Central America to Mexico and the West Indies. Periodic resident in the lower Rio Grande Valley, Texas; strays to central Texas.
Conservation: Not required for rare stray.
NCGR: G4 – Apparently secure globally, though it might be quite rare in parts of its range, especially at the periphery.
This photo was also captured at The Natural History Museum of New York City at the Butterfly Exhibit. What a beautiful butterfly, if you notice the left wing it is damaged.
The butterfly is known as the Biblis hyper, Red Rim.