How Much Is The Rose (series / notable panels) Worth?
Last updated: June 26, 2026
Quick Facts
- Methodology
- comparable analysis
For a complete, museum‑quality multi‑panel ensemble from Cy Twombly’s The Rose (2008) series in strong condition with notable provenance and publication/exhibition history, the fair market estimate is $25,000,000–$60,000,000. Single panels from the series trade materially lower (typical: $3M–$8M; major single panels with museum provenance: $8M–$25M). These ranges are driven by auction comparables for large late Twombly multi‑panel works and by institutional holdings.

The Rose (series / notable panels)
Cy Twombly, 2008 • Acrylic and crayon on canvas / panel (series)
View more by Cy Twombly →Valuation Analysis
Conclusion and scope. This valuation is a market‑value estimate for Cy Twombly’s The Rose (2008) when offered as a complete, museum‑quality multi‑panel ensemble; where relevant I note single‑panel valuation differentials. The estimate derives from a comparable‑analysis of recent marquee late‑career Twombly auction results, institutional acquisitions and gallery exhibition history, adjusted for scale, provenance, condition and literature.
Why a multi‑panel ensemble commands a premium. Twombly’s late, floral 'blooming' vocabulary is most persuasive when experienced at scale as a continuous installation. The market has demonstrated this in sales of large multi‑panel late works, and dealers/curators have treated The Rose as an installation series since the Gagosian presentation in 2009, which established the series’ exhibition profile [1]. A direct market analogue is the six‑panel late work sold from The Macklowe Collection in 2021 at Sotheby’s, which realized a very high result and confirms strong buyer appetite for monumental late Twomblys when fresh to market and well‑provenanced [2].
Range selection and adjustments. The $25M–$60M band reflects observed outcomes: intact, museum‑quality ensembles with ironclad provenance, major exhibition history and catalogue‑level literature sit at the top of the band (often requiring an evening‑sale placement, guarantees or third‑party support). Mid‑range outcomes reflect strong but not museum‑grade provenance or partial ensembles. The low end of the band represents rare, intact ensembles offered without marquee provenance or during softer market windows. Separate single panels from the same series have historically traded in the low‑single to mid‑single millions unless accompanied by exceptional provenance or literature.
Key risk and value modifiers. The principal drivers of price movement are: (1) whether the work is sold as an intact ensemble or as separated panels, (2) museum provenance and major loan/exhibition history, (3) presence in the catalogue raisonné and certification from the Twombly estate/Foundation, and (4) visible condition/conservation history. Institutional acquisition (for example, Rose V’s accession into The Broad) removes comparable supply and supports pricing for remaining market examples.
Practical next steps. To refine this estimate into a transaction‑ready figure I recommend obtaining high‑resolution imagery, exact panel/canvas dimensions, the complete provenance, exhibition and publication history, and a current condition report. With those items, an auction house or specialist could give an advised reserve/estimate and recommend auction vs private‑treaty strategy.
Key Valuation Factors
Art Historical Significance
High ImpactThe Rose series occupies an important place in Twombly’s late oeuvre: large, lyrical floral installations that synthesize his late formal restraint and classical lyricism. While the series is not as canonically definitive as the mid‑career blackboard works, it is broadly recognized by curators and collectors as a major late statement. The Gagosian exhibition in 2009 crystallized the series’ market and scholarly profile, and at least one example (Rose V) has entered a major public collection, which further underscores institutional validation. This historical standing supports a material premium for intact, well‑documented ensembles, particularly those with publication and loan histories.
Provenance & Exhibition History
High ImpactProvenance is a primary value driver. Panels or ensembles with direct dealer receipts, single‑owner histories tied to notable collectors, or museum loans/publication entries command meaningful premiums. Institutional accession (e.g., The Broad’s Rose V) removes competition and creates comparables that elevate market expectations. Conversely, works lacking clear provenance or with gaps in ownership history face discounts due to buyer risk and potential authentication friction. A documented exhibition record, catalogue entries and inclusion in the Twombly Foundation’s files materially improve marketability and estimate placement.
Scale / Completeness (panel vs ensemble)
High ImpactScale is critical: intact multi‑panel installations function as single monumental works and thus attract institutional buyers and higher evening‑sale demand. Markets have repeatedly shown steep premiums for complete ensembles compared with separated panels. A single Rose panel may be visually and monetarily compelling, but the market treats it differently — single panels typically trade in the low‑single to mid‑single millions unless they carry exceptional provenance or are unusually large. Pricing must therefore start with whether the work is offered as an intact installation.
Market Demand & Comparables
High ImpactRecent auction outcomes for late Twomblys (notably the Macklowe sale and major Bacchus canvases) show that the market will pay high tens of millions for the right late‑career monuments, while results for other late works vary from mid‑single to low‑double‑digit millions. Guarantees, evening‑sale placement, and buyer competition drive top results. The availability of comparable inventory is thin and institutionally sensitive; this supply dynamic amplifies realized prices for the few ensembles that reach the market.
Sale History
Sotheby's New York (The Macklowe Collection)
Phillips New York (Evening Sale)
Sotheby's New York (Contemporary Evening Sale)
Christie's New York (Evening Sale)
Sotheby's New York (The Collection of Emily Fisher Landau)
Cy Twombly's Market
Cy Twombly is a blue‑chip post‑war/modern figure with a high auction ceiling (artist record c. $70.5M) and sustained institutional appetite. His market is bifurcated: a top tier for monumental canvases and canonical works that can reach tens of millions, and a broad mid‑market for drawings, smaller canvases and works on paper trading in the mid‑five to low‑seven‑figure ranges. Collectors prize condition, provenance and catalogue documentation; museum purchases and foundation gifts continue to shape available supply.
Comparable Sales
Untitled (2007) [six panels]
Cy Twombly
Large late‑career multi‑panel flowering work (six panels) — closest format/scale analogue to The Rose ensembles and demonstrates market for monumental multi‑panel late Twombly works.
$58.9M
2021, Sotheby's New York (The Macklowe Collection)
~$70.9M adjusted
Untitled (New York City), 1968 (Blackboard)
Cy Twombly
Artist auction record and blue‑chip ceiling: different period/subject (blackboard) but establishes top market potential for museum‑quality Twomblys, useful to set the high end for exceptional Rose offerings.
$70.5M
2015, Sotheby's New York (Contemporary Evening Sale)
~$97.2M adjusted
Untitled (Bacchus) — monumental example
Cy Twombly
Late monumental 'blooming' series work — stylistically and chronologically comparable to The Rose; demonstrates strong demand for late monumental canvases in the $30M–$50M range.
$41.6M
2022, Phillips New York (Evening Sale)
~$46.4M adjusted
Untitled (Bacchus 1st Version II)
Cy Twombly
Late Bacchus example sold in the high‑teens of millions — indicates variability within late monumental category and a reference for large canvases without marquee provenance or guarantees.
$20.0M
2023, Christie's New York (Evening Sale)
~$21.4M adjusted
Untitled (1968) — Emily Fisher Landau sale
Cy Twombly
Strong single‑canvas mid‑late career sale in the mid‑tens of millions — useful as a single‑work benchmark when comparing individual Rose panels sold separately.
$26.8M
2023, Sotheby's New York (The Collection of Emily Fisher Landau)
~$28.6M adjusted
Current Market Trends
Current market conditions are supply‑sensitive: top outcomes require exceptional quality, provenance and often guarantees. Institutional acquisitions and foundation gifts have removed prime examples from the secondary market, supporting values for remaining museum‑quality works, while the mid‑market remains active for drawings and smaller works. Timing, sale venue and guarantee strategies materially affect realized prices.
Sources
- Gagosian — Cy Twombly: The Rose (exhibition page)
- Sotheby's — Untitled (2007) (The Macklowe Collection) lot page / sale
- The Broad — Cy Twombly, Rose V (collection entry)
- Sotheby's — 'Cy Twombly: By the numbers' (market context)
- Phillips — press release on major late Twombly sale (Nov 2022)
- Christie's — press release / sale results (Nov 2023)