Phillips is launching its private sales initiative in advance of Meity Heiden’s arrival in March with a show of Richter abstract works ranging from prints to to tapestries to a large canvas which was bought two years ago for $21.4m and is now on the market for a round $25m, according to Bloomberg:
“There’s a strong market for them,” Manley said. “We wanted to put up a beautiful show, excite our clients. It’s a slow month.” […]
The earliest piece is “Untitled (self-portrait),” a vortex of muddy brush strokes from 1971, when Richter often painted over earlier figurative images. Also included are paintings made with squeegees and two monumental woven tapestries.