Goalkeeper Claudio Bravo made a save and striker Alexis Sanchez converted the winning penalty as the hosts defeated Argentina 4-1 in a shootout after a 0-0 draw in the Copa America final on Saturday, finally winning its first major tournament. The Chileans made all of their penalties, and captain Bravo lifted the nation's first ever trophy in front of President Michelle Bachelet and nearly 50,000 Chileans who packed the Estadio Nacional, frantically waving Chile's red, blue and white flags. Saturday's defeat came exactly 22 years after Argentina won its last title at the 1993 Copa America, when Messi was only a kid. [...] it has failed in seven Copa Americas and six World Cups, with Messi playing in five of those tournaments. Argentina's greatest chance came in the last play of regulation in a breakaway that started with Messi near midfield, but Higuain hit the outside of the net after a dangerous cross into the area. Sanchez's winner was a soft shot into the middle of the net as Argentina goalkeeper Sergio Romero dived to his left, igniting a frantic celebration by his teammates and the fans on the stands.