The highlight at the auction of contemporary art at Sotheby’s New York sale was a large 1953 painting by abstract expressionist artist Barnett Newman. His blue hued painting, “Onement VI” was sold for $43.8 million and set the auction record for his work. The previous record for artist’s work was $22.4 million, paid just a [...]
10 May 2012 
Mark Rothko’s Orange, Red, Yellow Painting Sets post-war Auction Record with $86.9 Million
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Mark Rothko’s Orange, Red, Yellow has been sold for $86.9 million, the highest price ever fetched by a piece of contemporary art at auction. Works by modern art giants from Rothko and Pollock to Calder and Klein sparked furious bidding at Christie’s on Tuesday. A number of record-breaking prices sent the Post-war and contemporary art sale to [...]
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