Art & Design: Insiders Dish on the Art Market
THE NEW YORK TIMES
By Scott Reybun
During “Frieze Week,” a 1982 abstract by Gerhard Richter became the object of a 10-minute duel between two telephone bidders at Sotheby’s Friday evening auction of contemporary art. “Garten,” estimated at 3 million pounds to 4 million pounds, was finally knocked down for £10.2 million with fees, prompting whoops and applause from the packed salesroom. The painting had last been seen at auction in 1987, when it sold at Christie’s for £49,500. [link]
By Scott Reybun
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| “Garten,” at left, a 1982 abstract painting by Gerard Richter, was sold to an anonymous bidder for £10.2 million at Sotheby’s during “Frieze Week” in London. Credit Toby Melville/Reuters |
