The Sotheby's auction house is about to auction of a painting by the famed artist Mark Rothko. Link:
The pre-auction estimate is a whopping 10,000,000 - 15,000,000 USD. This market resolves YES if the final sale price listed on the Sotheby's website is >$15 million USD.
Resolution details:
Example from a past auction: This painting by Vigée Le Brun sold for 3,085,000 USD. This is the equivalent number I will use.
Note that the final listed sale price typically includes the buyer's premium (beyond the bid you hear during the auction.
If the lot is withdrawn before the auction, or it fails to sell, this market resolves NO. It only resolves YES if it successfully sells with a listed price >$15 million.
Painting details
A bewitching and brilliant reflection of Rothko’s career-long pursuit of painting as a manifestation of philosophical ideals, Untitled 1969 is a luminous capsule of the last year of Rothko’s life and the best of his paintings on paper. Following the artist’s jarring aneurysm in the spring of 1968, Rothko turned almost exclusively to paintings on paper, a medium he had revisited throughout his career, as his primary output at the insistence of his doctor to refrain from the physical labor of painting larger canvases. Throughout 1969 and until the artist’s tragic death the following year, Rothko’s practice evolved continuously and his magnified introspection only produced more raw and profound compositions in deepening hues. With the same profound radiance commuted to his most successful canvases, Rothko continued to pursue the seemingly limitless possibilities of color in his paintings on paper and in Untitled left his final incomparable translations of those possibilities as his infinite legacy beyond the finitude of his life and transcendent career.