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Large-scale masterpiece by Mark Rothko to lead Sothebys Evening Sale of Contemporary Art

September 22nd, 2012 01:35:12 am

NEW YORK, NY.- A seminal, large-scale masterpiece by Mark Rothko will lead Sotheby's Evening Sale of Contemporary Art on 13 November 2012 in New York. No.1 (Royal Red and Blue) was painted in 1954, a time considered by many to be the zenith of the artist's creative powers. The majestic canvas was one of eight works hand-selected by Rothko for his landmark solo show of the same year at the Art Institute of Chicago. Measuring 113 x 67 in (288.9 x 171.5 cm), No.1 (Royal Red and Blue) has remained in the same collection for 30 years and is estimated to sell for $35/50 million*. The canvas will be on view in New York beginning 1 November. To have a ravishingly beautiful and monumental work from the legendary 1954 show appear at auction is a major market event, commented Tobias Meyer, Sothebys Worldwide Head of Contemporary Art. Beginning with the breakout price achieved for White Center (Yellow, Pink and Lavender on Rose) fr

Source Reference
http://www.artdaily.org/index.asp?int_sec=11&int_new=57872


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