"Given the current state of the art market, the recent news of London’s Tate Modern’s decision to reject a gift of 30 Rothko paintings 41 years ago sounds almost painful. An investigation into the Tate’s archives reveal that in 1967 Rothko offered the London museum the generous gift which is now speculated to be worth $1billion. The offer included works from the artist’s 1961 retrospective at the MoMA and his Seagram mural paintings from 1958."
via artobserved.
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