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NEWS ABOUT: Mark Rothko

Obamas' Art Collection: Modern, Aggressive

White House borrows 47 works of art from Washington museums

(Newser) - Barack and Michelle Obama, working with curators at the White House and DC museums, have borrowed 47 artworks for their walls, and their selections are far more modern and discerning than their predecessors', writes Blake Gopnik. The Washington Post critic is impressed by the "surprisingly sober, even dour" choices... More »

Madoff's Money Man Sells Rothkos for $310M

Merkin unloads art, but buyer's identity a mystery

(Newser) - Ezra Merkin, the financier who pumped billions of his clients' money into Bernie Madoff's Ponzi scheme, is selling more than 10 paintings by Mark Rothko and two sculptures by Alberto Giacometti for $310 million, reports the Wall Street Journal. Some of the proceeds may go to his defrauded investors, who... More »

Strapped Art Market Preps for Auctions

Expectations low as auction houses try variety of tactics

(Newser) - After a 7-year boom, art auction houses are struggling as collectors hit hard by the recession close their wallets. Sotheby’s predicts it will pull in $179 million to $256 million at spring sales, compared to $742 million a year ago. As the spring events approach, auctioneers are employing an... More »

Art Continues to Buck Ragged Economy

Contemporary works bring $348M at Christie's—which even sells a house

(Newser) - Christie's auction of contemporary art in New York belied an economic downturn, the Times reports, with paintings, sculpture, and even a house fetching handsome prices. Two works drew particular attention: a portrait of a 280-pound nude woman by Lucian Freud, which sold for $33.6 million, and a house in... More »

$72M Sale Shatters Warhol Record

Auction madness continues as contemporary-art market sizzles

(Newser) - An Andy Warhol painting sold for $71.7 million last night at Christie's, more than quadrupling the previous record price for a work by the pop artist. The price for "Green Car Crash (Green Burning Car I)," part of Warhol's "Death and Disaster" series, more than doubled... More »

Rothko Fetches $73 Million

Record price for seminal modern work marks trend in art purchases

(Newser) - Sotheby’s sold a Mark Rothko painting last night for $72.84 million, a record price for a piece of art created after World War II and a signal of a new boom in the market. Seller David Rockefeller bought the 7-foot-tall "White Center (Yellow, Pink and Lavender),"... More »

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