Three works significantly out-performed their estimates at Sotheby's on Friday of last week to produce strong results from a small sale that only represented a less than 10% from the previous year's very strong sales.
Given that 2015's results were skewed toward a very strong Italian art market, Sotheby's ability to post its highest Contemporary Evening sale during Frieze week was a triumph. What's more, Sotheby's was fighting a narrowing market with works by some of the very artists who were feeling the pinch.
The Master, Judd Tully, takes us through the three Gerhard Richter abstract paintings Sotheby's sold so well last week:
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