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Rothko Painting From Don Marron’s Estate Sells for $70 Million

  • About $300 million of art owned by late financier has sold
  • Steve Wynn bought two Picasso works for more than $100 million
“No. 22 (REDS)” by Mark Rothko
“No. 22 (REDS)” by Mark RothkoCourtesy the Donald B. Marron Family Collection, Acquavella Galleries, Gagosian and PaceGallery

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.