facebook
twitter
rss
account
search
search
 

Mark Rothko painting sold for $75M at N.Y. auction

Nov. 15, 2012 at 12:14 PM   |   Comments

http://cdnph.upi.com/sv/em/i/UPI-32671352999642/2012/1/13530019281184/Mark-Rothko-painting-sold-for-75M-at-NY-auction.jpg
NEW YORK, Nov. 15 (UPI) -- "No. 1 Royal Red & Blue," a 1954 abstract painting by Mark Rothko, has been sold for $75 million at an auction in New York, Sotheby's said.

The Wall Street Journal reported John Marion, a former Sotheby's president, and his oil-heiress wife, Anne, didn't expect to sell their 9 1/2-feet-tall painting for more than $50 million, but at least five bidders drove up the price Tuesday.

The work was eventually sold to an unnamed client of Charlie Moffett, a Sotheby's specialist who typically works with U.S. collectors, the newspaper said.

The sale was part of Sotheby's contemporary-art auction, which netted a total of about $375 million, the Journal said.

Topics: Mark Rothko
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
'Sisterhood of the Traveling Pants' stars reunite at America Ferrera's NYC show 'Sisterhood of the Traveling Pants' stars reunite at America Ferrera's NYC show
2
Preview Kim Kardashian on '2 Broke Girls' Preview Kim Kardashian on '2 Broke Girls'
3
'Glee' star Matthew Morrison weds in Hawaii 'Glee' star Matthew Morrison weds in Hawaii
4
Michael C. Hall details role in 'Hedwig and the Angry Inch' Michael C. Hall details role in 'Hedwig and the Angry Inch'
5
J.K. Rowling to build 'Hagrid hut' on her estate J.K. Rowling to build 'Hagrid hut' on her estate
Trending News
Around the Web
x
Feedback