Mark Rothko’s “No. 1 (Royal Red and Blue),” 1954 Sold for $75.1 million on Tuesday at a Sotheby’s auction. Sotheby’s sold $375 million in value that evening, its highest ever. I wonder if the rich actually appreciate the art or the machismo that goes with it. Art is best appreciated by the public, ideally a museum, not bought for the single viewing pleasure of a coterie.
Mark Rothko’s “No. 1 (Royal Red and Blue),” 1954 Sold for $75.1 million on Tuesday at a Sotheby’s auction. Sotheby’s sold $375 million in value that evening, its highest ever. I wonder if the rich actually appreciate the art or the machismo that goes with it. Art is best appreciated by the public, ideally a museum, not bought for the single viewing pleasure of a coterie.
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