NYC auction of Rothko painting could fetch $35M

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by Associated Press

Associated Press

Posted on October 15, 2013 at 2:04 PM

Updated Tuesday, Oct 15 at 4:05 PM

NEW YORK (AP) — A bright orange-yellow and white painting by Mark Rothko is heading for the auction block in New York City, where it could fetch up to $35 million.

Christie's says "Untitled (No. 11)" will lead its postwar and contemporary art sale on Nov. 12.

The oil painting, created in 1957, is estimated to sell for between $25 million and $35 million.

The work by the American abstract expressionist was purchased by the current owner at a Christie's sale in 1992.

The painting, which measures 79 inches by 69 inches, is reminiscent of a radiating sunset.

Last May, Christie's sold Rothko's "Orange, Red, Yellow" for $86.8 million. It set a record for any contemporary artwork at auction.

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