Rockefeller Painting Expected to Provide $40-Million for Charity
May 11, 2007 | Read Time: 1 minute
The philanthropist David Rockefeller plans to sell a valuable painting and give the proceeds to multiple charities, reports the Bloomberg news service.
Mr. Rockefeller will sell a 1950 work by Mark Rothko entitled “White Center (Yellow, Pink and Lavender on Rose).’‘
The work is expected to sell for $40-million or more. Mr. Rockefeller bought the painting in 1960 for $8,500.
Mr. Rockefeller has not named which charities will receive money. He said in a recent interview, “There are many good causes to which that large sum could be put. I certainly expect the proceeds to go to one or more of them.’‘
Read The Chronicle of Philanthropy’s article on Mr. Rockefeller.
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