Records galore at post-war art auction

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Records galore at post-war art auction

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Mark Rothko’s 1961 “Orange Red Yellow” has become the world’s record post-war artwork, selling at Christie’s New York for over 67 million euros.

It just beats the previous record set in 2008 for Francis Bacon’s “Triptych 1976”.

A series of artist’s records were also smashed at the sale, which established a new record for a post-war art auction. 11 of the 40 artists assembled sold for new record prices. Alexander Calder, the creator of mobiles, saw his record smashed twice, and Jackson Pollock’s “Number 28 1951” doubled the previous record for the artist.

“It’s something that is unprecedented as well. A 1951 proper dripped canvas. Something like this has not come to market in over 20 years. When truly rare quality works come onto the market collectors respond,” said the head of evening sales at Christie’s New York Koji Inoue.

Records continued to tumble with Yves Klein’s “Fire Colour 1” going at a 50% markup to the forecast price. In all the sale realised just under 300 million euros.