Agnes Gund’s Rothko Painting Sells for $98 M., Setting New Record
A Mark Rothko painting formerly owned by art patron and longtime Museum of Modern Art president emerita Agnes Gund sold at Christie’s on Monday night for a hammer price of $85 million. With fees, the total came to $98.4 million, handily breaking the Abstract Expressionist’s auction record. The work started with a $60 million bid and received about a dozen bids from buyers represented by several Christie’s specialists, before hammering to strong round of applause to a buyer represented by Rachael White Young, a senior specialist in postwar and contemporary art. Related Articles No. 15 (Two Greens and Red Stripe), a seven-foot-tall abstraction dating to 1964, carried a $80 million estimate going into the sale, placing it right in the range of the artist’s previous record, set in 2012. The sale of Orange, Red, Yellow (1961), also at Christie’s New York, totaled $86.9 million, just under double its high estimate. Gund’s Rothko measured 93 by 69 inches, roughly similar to the Orange, Red, Yellow, which measured 93 x 81.3 inches. But whereas the latter work was …



