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Bunny Mellon’s $250 Million Rothkos Sold in Private Sale

When Sotheby’s next week reveals what art, furniture and jewelry from the estate of banking heiress Rachel “Bunny” Mellon will go on sale, the blockbuster collection will be notable for what’s missing.

Three paintings -- two by Mark Rothko valued at as much as $250 million and one by Richard Diebenkorn -- will be absent from upcoming auctions in New York because they were sold privately earlier this year, according to a person familiar with the matter who asked not to be named because the information is private.