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NYC auction of Rothko painting could fetch $35M

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October 15, 2013 10:46 AM EST | AP


NEW YORK — NEW YORK (AP) — A bright orange-yellow and white painting by Mark Rothko is heading for the auction block in New York City, where it could fetch up to $35 million.

Christie's says "Untitled (No. 11)" will lead its post-war and contemporary art sale on Nov. 12.

The oil painting, created in 1957, is estimated to sell for between $25 million and $35 million.

The monumental work by the American abstract expressionist was purchased by the current owner at a Christie's sale in 1992.

The painting, measuring 79 inches by 69 inches, is reminiscent of a radiating sunset.

Last May, Christie's sold Rothko's "Orange, Red, Yellow" for $86.8 million. It set a record for any contemporary artwork at auction.