Mark Rothko News
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The Helly Nahmad Gallery canceled a major exhibition titled “Monet Richter” and scheduled to open during next week’s semi-annual art auctions, following charges of racketeering and money laundering against its owner.
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Mark Rothko would be delighted, says his son: Six of the late artist’s abstracts have just gone on show in his remote Latvian birthplace.
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The Helly Nahmad Gallery in Manhattan reopened a week after it was raided by U.S. agents, and will continue to operate as the owner faces charges he ran a high-stakes gambling ring that catered to celebrities and the very wealthy, his lawyer said.
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Bette Midler takes a luxuriant drag from the joint she’s holding in one hand, then a quick puff on a cigarette in the other.
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Growing demand for contemporary art helped sales climb 10 percent at Christie’s International in 2012, even as its market contracted in Asia and the Middle East.
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Sotheby’s has scored two major consignments ahead of the big November art auctions, with a Pablo Picasso and a Mark Rothko that together could sell for as much as $70 million.
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The high-end art market plowed ahead in 2012 as collectors looked for alternatives to the stock market volatility amid the European debt crisis and concerns in the U.S. about a new budget.
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A 1951 drip painting by Jackson Pollock sold for $40.4 million at Sotheby’s in New York tonight, setting an auction record for the Abstract Expressionist artist (1912-1956).
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New York’s defunct Knoedler Gallery was sued by a Liechtenstein-based family trust, which accused the gallery of selling a forged painting by the late artist Mark Rothko for $5.5 million.
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Sotheby’s bounced back from last week’s lackluster sales with its biggest-ever auction, setting records for six artists including Jackson Pollock, Franz Kline and Arshile Gorky.
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