From The New York Times authored by Robin Pogrebin:
“At a time when museums around the country are trying to diversify their collections, staffs and trustees, the San Francisco Museum of Modern Art has announced plans to sell Mark Rothko’s “Untitled” (1960), mainly to “address art historical gaps” like works by women and people of color.
The deep burgundy oil on canvas, one of the artist’s color field paintings, is expected to bring $35 million to $50 million at Sotheby’s in New York in May. The proceeds will also be used to create a new endowment fund for future acquisitions.”
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