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The $75 Million Royal Red and Blue, from Pitt T. Maner III

[![ ](http://www.artinamericamagazine.com/files/2012/09/21/img-rothko_150649213070.jpg_standalone.jpg "75 million dollar Rothko

")"Mark Rothko Painting Crowns New York Art Sale":](http://www.bbc.co.uk/news/entertainment-arts-20321921) > A painting by abstract artist Mark Rothko has fetched $75.1 million (£47.2m) at an auction in New York. > > **"If you want to talk about the market being happy, healthy and well, here it is**," said Sotheby's auctioneer Tobias Meyer, worldwide head of contemporary art. > > "That's probably about as good as it gets." Further high prices are expected at a second Sotheby's contemporary and post-war art sale on Wednesday, with two Christie's sales focusing on the same period also taking place in New York this week.

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