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MARK ROTHKO’S ARTWORK SOLD FOR OVER $70 MILLION

MARK ROTHKO’S ARTWORK SOLD FOR OVER $70 MILLION

Is $1,000,000 the new $100,000? It certainly seemed that way at Sotheby’s New York In May 2007 sale of contemporary art, which saw Mark Rothko’s 1950 painting White Center (Yellow, Pink, and Lavender on Rose) broke the record selling at Sotheby’s in New York. Sotheby’s had 41 of the 74 lots sell for over $1 million. The auction total of $254.9 million is a new record for any single sale of contemporary art. Of the 74 lots, 65 found buyers however, the highlight of the night was the top lot Mark Rothko‘s White Center (Yellow, Pink, and Lavender on Rose) (1950),

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The top lot was Mark Rothko‘s White Center (Yellow, Pink, and Lavender on Rose) (1950), which had estimated to sell for $40 million (or more). the seller had bought the painting for $10,000 from the dealer in 1961 — auctioneer and therefore the first bidder Tobias Meyer began the bidding at $33 million, quickly running the price up in million-dollar jumps.

Which should come as no surprise giving the Rothko have earned praise over the years for being the inspiring abstract expressionist. Although Rothko himself refused to adhere to any art movement. He was an American painter of Russian Jewish descent, he moved to united states of America in 1913. Rothko’s move to New York established him in a fertile artistic atmosphere. Modernist painters were having more shows in New York galleries all the time, and the city’s museums were an invaluable resource to foster a budding artist’s knowledge and skills. Among the important early influences on Rothko were the works of the German Expressionists, the surrealist art of Paul Klee, and the paintings of Georges Rouault. In 1928, Rothko exhibited works, with a group of other young artists, at the appropriately named Opportunity Gallery. His paintings included dark, moody, expressionist interiors, as well as urban scenes, and were generally well accepted among critics and peers.

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Rothko was known for spiritual abstract, Rothko’s new vision attempted to address modern man’s spiritual and creative mythological requirements. The most crucial philosophical influence on Rothko in this period was Friedrich Nietzsche’s The Birth of Tragedy. Rothko believed his art could free unconscious energies, previously liberated by mythological images, symbols, and rituals. He considered himself a “mythmaker”, and proclaimed that “the exhilarated tragic experience is for me the only source of art”

There’s no doubt that Mark Rothko’s was the amazing artist, he created the masterpiece of work on canvas, 836 paintings, have been cataloged by art historian David Anfam, in his Mark Rothko: The Works on Canvas: Catalogue Raisonné. and that was the reason the White Center (Yellow, Pink, and Lavender on Rose) quickly price up in million-dollars after Tobias Meyer began the bidding at $33 million,

Three phone bidders fought it out, and Meyer hammered the painting down at the record $72,840,000 Millions, setting a new auction record for the artist.

White Center is part of Rothko’s signature multiform style: several blocks of layered, complementary colors on a large canvas. The painting is from top to bottom, a yellow horizontal rectangle, a black horizontal strip, a narrow white rectangular band and the bottom half is lavender. The top half of the rose ground is deeper in color and the bottom half is pale. It measures 205.8 × 141 cm.

it wasn’t the only artwork of Mark Rothko’s that sold for nearly 100 Million. as art collector Richard Feigen said that he sold a red Rothko painting to the National Gallery of Berlin for $22,000 in 1967 and In November 2005, Rothko’s 1954 painting Homage to Matisse broke the record for any postwar painting at a public auction, selling for $22.5 million as well In November 2003, an untitled red and brown Rothko painting from 1963, measuring 69 by 64 inches, sold for $7,175,000 and again In May 2012, Rothko’s 1961 painting Orange, Red, Yellow (which you can buy here) was sold by Christie’s in New York for $86,862,500, setting a new nominal value records for a postwar painting at a public auction and putting it on the List of most expensive paintings.

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