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.