Source AP ©

Rothko painting sets postwar record at Sotheby's in New York

The record price for postwar art was broken twice at a Sotheby's auction, first with a Francis Bacon work and later with a Mark Rothko painting, which went for almost $73 million, the auction house said.

The 1950 Rothko painting, "White Center (Yellow, Pink and Lavender on Rose)," of blocks of color, sold for $72.8 million (EURU 53.77 million) Tuesday to an anonymous bidder, Sotheby's said.

Shortly before, a 1962 Bacon painting of a pope, "Study from Innocent X," sold to an anonymous bidder for $52.6 million (EURO 38.85 million).

The previous record was held by a 1977 Willem de Kooning work of swaths of bright colors called "Untitled XXV," which sold for $27 million (EURO 19.94 million) at a Christie's auction last November, Sotheby's said.

Another work, an untitled painting by Jean-Michel Basquiat from 1981, sold Tuesday for $14.6 million (EURO 10.78 million), setting an auction record for the artist.

The sale prices include the buyer's premium.

When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked

US sanctions to kill Russian banks and sovereign debt?
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