Pursuits
Richter Painting Leads Phillips’s $17 Million London Sale
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Lucien Smith’s 8-foot-tall canvas made by spraying blue paint from a fire extinguisher fetched 194,500 pounds ($319,135) at Phillips’s auction of contemporary art yesterday in London.
Known as “rain” paintings because the marks resemble drops of rain, the works by the 24-year-old were priced at $3,000 to $12,000 at OHWOW Gallery in Los Angeles during Smith’s first solo show in September 2012, a person familiar with the matter said earlier this month.