9th May 2012 9:12am | By Editor
Mark Rothko's Orange, Red, Yellow has scored the highest price at auction for a work of contemporary art selling for £53.8million.
The 1961 artwork was sold at Christies in New York.
Edward Munch's Scream sold for 74.1 million last week setting a new world record for the highest price achieved at auction.
Sales director Laura Paulson described the work as a personification of Rothko's art.
The artist died in New York in 1970.