Sotheby’s, the auction house, is banking on a $70 million (£36 million) sale of Francis Bacon’s 1976 painting Triptych next week to offset what it calls uncertain economic times.
The auctioneer hopes that it will attract as much as $477 million from its sales of contemporary art in New York next week, when Mark Rothko’s Orange, Red, Yellow goes under the hammer, possibly for about $33 million...
Read the full article by Suzy Jagger of the Time Online