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.
Private Richter Sales Hide in Plain Sight at $95 Million Exhibit (Bloomberg)
