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An oil painting by Mark Rothko sold for $86.9 million at a Christie’s auction in New York on Tuesday, setting a record for the abstract expressionist painter.
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.
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