Blue and yellow striped painting sells for 46 million

The painting above sold for 46 million dollars.

... a 1954 Mark Rothko abstract, “Untitled (Yellow and Blue),” which had once been owned by the American collectors Paul and Rachel Lambert “Bunny” Mellon.

On a percentage basis, the yellow block on top alone is probably worth about 20 million dollars.  If you look closely, you will see some faded red lettering beneath the top yellow portion.  The red lettering is indecipherable, but it turns an otherwise ordinary 10-million-dollar yellow rectangle into a 20-million-dollar yellow rectangle.  Note the sloppy borders between the yellow and the blue.  That easily adds another million dollars to the value alone.  Obviously a masterpiece.

It's a dazzling synthesis of color and light... at eight feet high, untitled Yellow and Blue wholly immerses the viewer in its brilliant yellow and lavish blue pigments... Rothko colors as a means to create tactile atmospheric paintings that nearly seem to breathe from deep inside the canvas

Well, that explains everything, then, doesn't it?  You know, while this puzzles and amuses me, it doesn't bother me, because for once, taxpayers aren't paying for it.  They are probably paying for things just like this, and worse, but for once, no taxpayer money was involved, no debt was increased.

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