Art Market Monitor

Global Coverage ~ Unique Analysis

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

Christie’s to Test Rothko Market Again in May

April 2, 2016 by Marion Maneker

Mark Rothko, Number 17 (30-40m)

The AP got the announcement of this Rothko that will an interesting inflection point during Christie’s New York sales in May. Priced at the most perilous part of the market right now, this work has the right dates and exhibition history but the perhaps not the most prized colors. Then, again, last May Christie’s Brett Gorvy was able to pull out a very strong sale for a dark Rothko amid a week of over supply for the Abstract Expressionist painter.

“The global interest in Rothko is enormous,” said Gorvy, adding that the work was conservatively estimated to bring up to $40 million. “What’s exciting about a painting like this coming to today’s market is that it’s not limited to one audience. Rothko’s probably the most global artist in terms of high level.”

Speaking from Hong Kong, Gorvy added: “When I talk to any of the native collectors here, they’re looking for Rothko. He’s at the top of their list of post-war artists, more than any other of the abstract expressionists.”

Update: Shortly after this announcement, Gorvy posted the image on Instagram. Bloomberg’s Katya Kazakina asked if the work was in the Rothko catalogue raisonné written by David Anfam. Gorvy replies that it is in the supplement.

Abstract Rothko painting could fetch $40M at spring auction | AP National News (Associated Press)

More from Art Market Monitor

  • Christie’s 2.8bn HKD Spring Sale in HK Is Down 13%Christie’s 2.8bn HKD Spring Sale in HK Is Down 13%
  • Museum of the 21st Century (China Edition)Museum of the 21st Century (China Edition)
  • Gorvy: Headline Sales Generate 8% in RevenueGorvy: Headline Sales Generate 8% in Revenue
  • Danny Goldberg: The Evolution of a Global Art CollectorDanny Goldberg: The Evolution of a Global Art Collector
  • Moore, Rodin, Noguchi from Stanton Estate at Christie’s in MayMoore, Rodin, Noguchi from Stanton Estate at Christie’s in May
  • “A cruel and offensive offer? Come on, want to try?”“A cruel and offensive offer? Come on, want to try?”

Filed Under: General

About Marion Maneker

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

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Asian Art Market Continues Rapid Ascent at Sotheby’s $270 M. Hong Kong Sales
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Tony Podesta's Secret Art Buying
  • How to Chant Like an Auctioneer
  • Emily Ratajkowski Shows Off Her Richard Prince—or Is That Just a DIY New Portrait?
  • Christie's Announces $70m Picasso Self Portrait
  • Tracey Emin Neon Lights Up Sotheby's 'Contemporary Showcase' Pop-Up
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • 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