Art Market 2007 (The Real #1)

Many thanks to Guzzi for pointing out that the Art Market 2007 Top Ten List failed to include the real number one painting for 2007 that actually set a world record on May 16, 2007 at Sotheby’s New York. Look at the sale prices on the Top Ten List — this sale will blow you away:

Artist: Mark Rothko
Title: White Center (Yellow, Pink and Lavender on Rose)
Medium: Oil on canvas
Sold For: 72,800,000 US$

That is $26,839,000 more than the previously reported number one (Francis Bacon/Second Version of Study for Bullfight No. 1) and $38,599,000 more than the Rothko (Untitled-Red, Blue, Orange) listed as number three on the list. That’s quite a difference between two paintings in a series by an artist. Why? Who knows…but, that is why we love the art market. And, the market shows no real signs of cooling off. Stay tuned, and to you collectors and dealers–keep those checkbooks open!

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