‪‬Mark Rothko’s Orange, Red, Yellow (1961) could sell for $45 million at Sotheby’s in May, perhaps the most important Rothko brought to auction since 2007. Additional lots in the sale include work by Jackson Pollock and Willem de Kooning. [AO Newslink]
‪‬The New York Times surveys the behind-the-scenes legal policies of the art authentication and insurance world, using the Knoedler Gallery’s forgery of Jackson Pollock, Robert Motherwell, and Willem de Koonig, the deterioration of Matisse’s colors, an elbow accident with a private Picasso, and the re-appropriation lawsuit against Richard Prince to examine how to best protect a collection from fraud or damage.
[AO Newslink]