(Art News)Rothko Painting From Don Marron’s Estate Sells for $70 Million

Rothko Painting From Don Marron’s Estate Sells for $70 Million (2020.2.29/Bloomberg)A Mark Rothko painting from the estate of late financier Donald Marron sold for about $70 million, according to people familiar with the private transaction.Painted in 1957, “No. 22 (reds)” is the latest big sale from a collection of blue-chip works owned by Marron, a Museum of Modern Art trustee who died in December. Last week, three New York galleries -- Pace, Gagosian and Acquavella -- announced they joined forces to sell Marron’s art trove.A series of sales followed. The galleries placed about $30..........

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