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.