Mark Rothko’s 1961 oil painting, ‘Orange, Red, Yellow’, set a new auction record for post-war art on Tuesday at an “unprecedented” Christie’s sale.

The large-scale work soared to $86.9 million,  eclipsing the $86.3 million paid for Francis Bacon’s Triptych in 2008 as the most expensive post-war artwork at auction.

The only privately owned version of Edvard Munch’s “The Scream” set a world record Wednesday when it sold for $119.9 million at Sotheby’s in New York.

Heated competition between seven bidders took the price to the highest for a work of art at auction in just 12 minutes, sparking applause.

The previous record was held by Picasso’s Nude, Green Leaves, and Bust which sold in 2010 for $106.5 million.

A museum in Italy is burning artworks from around the world to protest harsh austerity cuts by the Italian government.

Head of the Casoria Contemporary Art Museum in Naples Antonio Manfredi started burning paintings on Tuesday and does not intend to stop destroying art unless the government reverses its decision, the BBC reports.

A painting by Pop Art king Andy Warhol depicting rock ‘n’ roll king Elvis Presley as a cowboy gunslinger is expected to fetch $30-$50 million when it goes on sale in May.

“Double Elvis,” executed in black and silvery white in 1963, “is a seminal piece from the iconic series devoted to the singer,” Sotheby’s said. The painting “epitomizes the artist’s obsessions with fame, stardom and the public image.”

As research has proved, guests will steal plenty of things from hotels given the chance — but most would draw the line at a piece of art valued in the thousands.

One hotel, however, is inviting guests to steal art, in a clever promotion drawn up by Art Series Hotels, an Australian chain, for the summer.

Guests who book a room at the chain’s properties between December 15 and January 15 are being challenged to ‘steal’ a Banksy print worth AU$15,000, with the promise that they can keep it if they successfully pull off the heist.

Working under the mysterious and promising luxury label YS Black, Julien Perera is a web designer by day.

Has to bring his talent to balance form with function, to provide his websites and webapps visitors with tools and information in a logical order ….

But when he gets home after work, the man can’t stop being creative and his imagination is given full rein!