Richter masterpiece sells for record £30.4 million - a new benchmark for any living European artist
The Contemporary Art Evening Auction held on February 10, 2015 realised £123,515,250 / $188,200,186/ €166,461,924 - the highest ever total for a Sotheby’s sale of Contemporary Art in Europe (est. £88.6–125.5m / $135-191.2m / €119.4-169.1m).
The evening auction on February 10, 2015 was led by Gerhard Richter’s Abstraktes Bild which established a new record for the artist, selling for £30.4m / $46.3 / €41m (est. £14-20m), a new benchmark for any European living artist.
Gerhard Richter, Abstraktes Bild, 1986, Oil on canvas
In an evening that saw particularly strong global demand for British art, a rare self-portrait by Francis Bacon, Two Studies for Self-Portrait, made £14.7m / $22.4m / €19.8m, a 4000% increase on the price the painting achieved the last time it appeared at auction (£353,500 at Sotheby’s London in December 1993).
Moments later, David Hockney’s Green Tide (1989) sold to a private Latin American collector for £2.2m / $3.3m / €2.9m (est. £1.2-1.8m). Bought by today’s consignor in 1990, the work had not been seen in public until now and made its auction debut this evening.
All Images: courtesy Sotheby's.
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