Mark Rothko Abstract Art
"No. 1 (Royal Red and Blue)" is seen by critics among the finest examples of Rothko's characteristic design - a seemingly simple, but arresting juxtaposition of obstructs of color.
The winning bid, achieved after a prolonged bidding fight in ny, ended up being in short supply of the record (£54.7m) $86.9 million taken care of Rothko's "Orange, Red, Yellow" at Christie's in-may. But it ended up being far over the pre-sale £30m estimate and highlighted a contemporary art auction saturated in huge rewards.
The job described by Sotheby's as Rothko's "seminal, large-scale work of art" ended up being chosen because of the artist for his landmark 1954 solo program within Art Institute of Chicago and had been in similar collection for 30 years before visiting market.
The heated auction also saw Jackson Pollock's "number four, 1951, " sell for £25.4m breaking the last £14.5m record for works by the abstract expressionist.
On Monday, Christie's held a separate, sale of Warhols included in a fully planned sell-off of this Andy Warhol Foundation's whole collection.
The Andy Warhol Foundation for the Visual Arts launched in September that it was dispersing of their collection to bolster its grant-making abilities, with Christieis the long-lasting lover. Some of the works may be donated to galleries.