Mellon’s Rothko Painting Sells for $46.5 Million at Sotheby’s

Yellow and Blue by Mark Rothko
An eight-foot-tall yellow and blue Mark Rothko painting sold for $46.5 million at Sotheby’s in New York. Source: Sotheby’s via Bloomberg

An eight-foot-tall yellow and blue Mark Rothko painting sold for $46.5 million at Sotheby’s in New York.

The 1954 painting, which was once owned by American socialite Rachel “Bunny’ Mellon, was estimated to fetch $40 million to $60 million.

Rothko’s auction record was set in 2012 at Christie’s with ‘‘Orange, Red Yellow” for $86.9 million.

Sotheby’s contemporary art evening sale is continuing.

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