An oil painting by
Rothko's "Orange, Red, Yellow," which dates from 1961, was being sold by the estate of David Pincus, a Philadelphia clothing manufacturer and philanthropist who died in late 2011. Pincus was actively involved with the Philadelphia Museum of Art.
The buyer has not been identified. The painting had been expected to sell for as much as $45 million.
The previous record for a Rothko work was the $72.8 million paid for "White Center" in 2007. The sale of "Orange, Red, Yellow" also represents a new record as the most expensive post-war artwork sold at auction.
Tuesday's sale in New York also included works by
Last week, a version of