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Robert Mnuchin’s Rothko Sells at Sotheby’s for $85.8 M., Narrowly Missing a Record

A Mark Rothko painting, *Brown and Blacks in Reds* (1957), formerly owned by the late influential art dealer Robert Mnuchin, sold at Sotheby’s on Thursday night for $85.8 million. The work hammered at $74 million, falling short of the upper end of its $70–$100 million estimate, but with premium fees it became the second-most expensive Rothko ever sold at auction, narrowly missing the artist’s record of $86.9 million set by *Orange, Red, Yellow* (1961) in 2012. The painting was part of a sale devoted to Mnuchin’s collection, which also included works by Willem de Kooning, Pablo Picasso, Franz Kline, and Jeff Koons.

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lynne drexler painting sets a record at christies 1234763052

Christie’s Post-War and Contemporary Art day sale on Thursday achieved $88.7 million, with an 88% sell-through rate by lot and 90% by value. The standout lot was Lynne Drexler’s 1960 painting *Keller Fair II*, which sold for $2,027,000—shattering her previous auction record by nearly $500,000 and far exceeding its $800,000–$1.2 million estimate. The work, a dense abstraction from Drexler’s early 1960s period, was described by advisors and dealers as a rare, exceptional example.