Art Market
In early November 2005 Rothko's 1953 oil on canvas painting, Homage to Matisse, broke the record selling price of any post-war painting at a public auction, at US$ 22.5 million.
In May 2007 Rothko's 1950 painting White Center (Yellow, Pink and Lavender on Rose), broke this record again, selling at US$ 72.8 million at Sotheby's New York. The painting was sold by philanthropist David Rockefeller, who attended the auction.
In May 2011 Christie's auctions sold a previously unknown Rothko painting, accounting for the work as #836. The work was added to the existing Rothko catalog of 835 works after expert authentication. The newly discovered painting, Untitled, #17, created in 1961, came to light when a private collector put it up for sale, claiming he bought it directly from the artist. A seven-foot-tall oil on canvas in red and pink on an ochre background, the painting opened with a house bid at US$ 13 million and sold for US$ 30 million, plus sellers and buyers fees (US$ 33 million, all inclusive).
In May 2012 Rothko's 1961 painting Orange, Red, Yellow (#693 in Anfam's catalogue raisonné) was sold by Christie's, New York, for US$ 86.9 million, setting a new nominal-value record for a post-war painting at a public auction. The painting had formerly been in the collection of abstract expressionism built up by David and Gerry Pincus.
Read more about this topic: Mark Rothko
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“There is no mystery in a looking glass until someone looks into it. Then, though it remains the same glass, it presents a different face to each man who holds it in front of him. The same is true of a work of art. It has no proper existence as art until someone is reflected in it—and no two will ever be reflected in the same way. However much we all see in common in such a work, at the center we behold a fragment of our own soul, and the greater the art the greater the fragment.”
—Harold C. Goddard (1878–1950)
“Ae market night,
Tam had got planted unco right,
Fast by an ingle, bleezing finely,
Wi’ reaming swats that drank divinely;”
—Robert Burns (1759–1796)