Barnett Newman

(Newser) - A huge oil painting by German artist Gerhard Richter sold for $37 million at Sotheby's yesterday, making it the highest price ever paid for a work by a living artist, reports the Guardian . Richter painted the 9-foot-by-9-foot Domplatz, Mailand, in 1968, and it last sold 15 years ago for...

(Newser) - The modern art market is boiling hot right now. For evidence, take a gander at the results from last night's Christie's auction, which saw a Mark Rothko painting sell for nearly $87 million, shattering the gallery's $35 million to $40 million estimate. The sale is a record...