Twombly’s White Loop Painting Sells for $69.6 Million in N.Y.
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A 1970 painting by Cy Twombly from his “Blackboard” series set an auction record for the artist, selling for $69.6 million at Christie’s in New York.
The 5-foot-high canvas, with white concentric loops on a gray background, had been valued at $35 million to $55 million. Prices include commissions; estimates don’t.