Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Richter Comes in Second to Picasso with $83m NY Total

May 15, 2012 by Marion Maneker

Colin Gleadell is still at his sums from last week’s sales in New York. Having tallied $88m for Picasso, Gleadell comes up with Gerhard Richter as a close second:

The other pre-eminent figure was Gerhard Richter, by whom 16 works, estimated to fetch about $54 million, sold for $83 million, eclipsing even the normally dominant Andy Warhol. The largest Richter abstract painting sold for a new record $21.8 million.

The week ended at Phillips, where the most significant sale was a six-foot Jean-Michel Basquiat crucifixion figure which sold for a record $16.3 million – a price that now puts Basquiat on a par with late Picasso, which is just where his fans want him to be.

Munch, Pollock and Calder help New York’s auction houses notch up $1.42 billion (Telegraph)

More from Art Market Monitor

  • The Changing Market Mix for Impressionist and Modern Art, 2007-2017The Changing Market Mix for Impressionist and Modern Art, 2007-2017
  • Christie’s Has a $25m Picasso Marie-Thérèse for NovemberChristie’s Has a $25m Picasso Marie-Thérèse for November
  • Sotheby’s Announces $30m Richter Abstract Diptych for NovemberSotheby’s Announces $30m Richter Abstract Diptych for November
  • Fondation Louis Vuitton’s Basquiat Show Puts Owners on DisplayFondation Louis Vuitton’s Basquiat Show Puts Owners on Display
  • Christie’s £18m Brings Dora Maar to LondonChristie’s £18m Brings Dora Maar to London
  • Wynn’s Picasso Withdrawn from Christie’s SaleWynn’s Picasso Withdrawn from Christie’s Sale

Filed Under: Artists Tagged With: Basquiat, Gerhard Richter, Picasso

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...