This look into the Gerhard Richter market over the last 11 years was prepared with data and charts from our friends at Athena Art Finance. It is available to AMMpro subscribers. Monthly subscriptions begin with the first month free. Feel free to subscribe and cancel before you are billed.
Sotheby’s is offering one of Gerhard Richter’s color chart works, 1025 Farben (£5-7m) in London this March. The work comes to market along with a number of other Richters from different bodies of his work. The color chart’s appearance on the auction block underscores the evolution of Richter’s market over the last decade. In this post, we’ll look at the auction history of the handful of similar color charts and the broader market history for Richter. Driven by the success of the large abstract paintings, the Richter market has moved into a position of market leadership over the last decade. We’ve tried to provide some context around market leadership as well so you can see how the changes in Richter’s market effect the artist’s position within the broader public art market.Continue Reading