Richter’s Red Abstract Canvas Sells for $21.4 MillionJames Tarmy
Gerhard Richter’s blazing red “Abstraktes Bild” from 1991 sold for $21.4 million at Sotheby’s in New York.
The abstract painting, last exhibited in London in 1995, was estimated at $15 million to $20 million. Prices include commissions, estimates don’t.
Sotheby’s postwar and contemporary art sale is continuing.