NYC auction of Rothko painting could fetch $35MOctober 15, 2013 @ 1:03 pm
NEW YORK (AP) - A bright orange-yellow and white painting by Mark Rothko is heading for the auction block in New York City, where it could fetch up to $35 million.
Christie's says "Untitled (No. 11)" will lead its postwar and contemporary art sale on Nov. 12.
The oil painting, created in 1957, is estimated to sell for between $25 million and $35 million.
The work by the American abstract expressionist was purchased by the current owner at a Christie's sale in 1992.
The painting, which measures 79 inches by 69 inches, is reminiscent of a radiating sunset.
Last May, Christie's sold Rothko's "Orange, Red, Yellow" for $86.8 million. It set a record for any contemporary artwork at auction.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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