Gerhard Richter (b. 1932)
Abstraktes Bild (774-4) Courtesy Christie’s Images Ltd., 2014. UPDATE: IT MADE $31,525,000
Gerhard Richter’s beautiful and luminous Abstraktes Bild (774-4), a seminal example of his multi-layered style, comes up at Christie’s in New York on November 12. Painted in 1982 and first exhibited in Rome that year, this particular example explores the stunning effect of the vertical grid. The masterpiece from the greatest abstract painter working today is estimated at $14-18 million.
Consigned by the Linda Pace Foundation of San Antonio, Texas funds from the sale will be used to establish a board designated fund to realise an art campus that will include a David Adjaye designed building in San Antonio to exhibit the foundation’s growing collection. Linda Pace (1945-2007) was driven by the idea that art is a vital social force. She established ArtPace San Antonio in her home town. It offers artists from all over the world an environment that fosters experimentation and growth and has awarded nearly $9 million in Foundation grants to artists and contemporary arts organisations around the world.
Christie’s anticipate that the demand for this masterpiece will be global.
UPDATE: IT MADE $31,525,000