A sunset-colored painting by Mark Rothko became the world’s most expensive contemporary art work Tuesday when it fetched $86.9 million at Christie’s in New York.
“Orange, red, yellow” was as hot at Christie’s as the colours are bold in this abstract masterpiece. Bids leaped in increments of a million, sometimes two million dollars.
Mark Rothko was born in Russia and moved to the United States with his family in 1913. A major figure in New York’s Abstract Expressionist movement, he has been the subject of retrospectives at the Museum of Modern Art, the National Gallery of Art, Washington, the Guggenheim Museum, and other major museums around the world.According to Yale University, he was responsible for creating a new and impassioned form of abstract painting over the course of his career.
Prices at the auction soared beyond estimates as buyers contended for bluechip names like Mark Rothko, Jackson Pollock, and Gerhard Richter. In all, seven records were broken at the auction.