Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Rothko Heir Dismisses Art’s Market Value

April 30, 2013 by Marion Maneker

Mark Rothko,

Bloomberg’s Aaron Eglitis spent a little time in Latvia with Mark Rothko’s son who, even though the family maintains a stockpile of very valuable work, isn’t very interested in the prices that his father’s work attract :

“He would think it’s a distraction,” Christopher says in an interview at the Daugavpils Mark Rothko Art Center. “When you have prices that are not simply large, but make headlines, people don’t look at the artwork but at the dollar figures, the pound figures or the euro figures.”

The transfer of works to eastern Latvia comes as the country tries to boost tourism through its ties with Rothko, whose paintings were mainly produced in New York. The art center cost 4 million lati ($7.5 million) to refurbish, about 85 percent of which was provided by the European Commission.

“He really wanted you to have this direct communication with art,” Christopher says of his father before we admire the works on show. “He doesn’t want you to look at the paintings and think about how much it might be worth and how much it might be insured for and all that. He really wants you to have a genuine experience. I think he would not be happy about prices.”

Rothko Family Brings Burning Red Paintings to Latvia (Bloomberg)

More from Art Market Monitor

  • Phillips Finds More in the MarketPhillips Finds More in the Market
  • Cleveland Goes ContemporaryCleveland Goes Contemporary
  • Don’t Cry for Basquiat’s Authentication CommitteeDon’t Cry for Basquiat’s Authentication Committee
  • Simon de Pury on Charlie RoseSimon de Pury on Charlie Rose
  • Axel Vervoordt, Guided More by Intuition than Erudition, Leaves His Mark on Contemporary Visual CultureAxel Vervoordt, Guided More by Intuition than Erudition, Leaves His Mark on Contemporary Visual Culture
  • A New Plateau: Swann African-American Sales, 2009-19A New Plateau: Swann African-American Sales, 2009-19

Filed Under: Artists

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...