A Mark Rothko painting from the estate of late financier Donald Marron sold for about $70 million, according to people familiar with the private transaction.
Painted in 1957, “No. 22 (reds)” is the latest big sale from a collection of blue-chip works owned by Marron, a Museum of Modern Art trustee who died in December. Last week, three New York galleries -- Pace, Gagosian and Acquavella -- announced they joined forces to sell Marron’s art trove.
