Saudi- Two Rothko paintings fetch over 76 million at auction
(MENAFN- Arab News) NEW YORK: A pair of paintings by iconic abstract expressionist artist Mark Rothko sold Monday for a whopping $76.5 million the auction house Sotheby's said.
Rothko's 'Untitled' a blue and purple oil painting from 1970 sold for $39.9 million. It was estimated to earn up to $20 million.
'Untitled (Yellow Orange Yellow Light Orange)' an oil painting created in 1955 fetched $36.6 million and was expected to sell for as much as $30 million.
Final sale prices include commission while estimates do not.
On Twitter the auction house said earnings from the Rothko works 'exceeded expectations.'
The paintings came from the private collection of Rachel 'Bunny' Mellon heir to the Listerine mouthwash fortune who died in March.
Two more Rothko paintings will go on sale Tuesday an acrylic painting called 'Untitled' from 1969 and 'No. 21 (Red Brown Black and Orange)' an oil painting created in 1951.
Rothko born in what is now Latvia died in 1970. He became a giant of the modern art world through his characteristic style: a seemingly simple but arresting juxtaposition of blocks of vibrant color.
Rothko's 'Untitled' a blue and purple oil painting from 1970 sold for $39.9 million. It was estimated to earn up to $20 million.
'Untitled (Yellow Orange Yellow Light Orange)' an oil painting created in 1955 fetched $36.6 million and was expected to sell for as much as $30 million.
Final sale prices include commission while estimates do not.
On Twitter the auction house said earnings from the Rothko works 'exceeded expectations.'
The paintings came from the private collection of Rachel 'Bunny' Mellon heir to the Listerine mouthwash fortune who died in March.
Two more Rothko paintings will go on sale Tuesday an acrylic painting called 'Untitled' from 1969 and 'No. 21 (Red Brown Black and Orange)' an oil painting created in 1951.
Rothko born in what is now Latvia died in 1970. He became a giant of the modern art world through his characteristic style: a seemingly simple but arresting juxtaposition of blocks of vibrant color.
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