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October 18th, 2012

Richter Abstraktes Bild 1990 via SothebysLast week, a Gerhard Richter from the collection of Eric Clapton set a record as being the most expensive work by a living artist to be sold at auction. Now, Sotheby’s, who sold that painting, is offering another 1990s Richter, also called “Abstract Painting,” in its November 13th New York sale. The presale estimate is $16 million, according to the WSJ. There are 65 paintings from this series that are 6 feet or higher, with 1/3 of these large pieces in museum collections. The auction will also offer major Abstract Expressionist works, such as  Mark Rothko‘s No. 1 (Royal Red and Blue) from 1954 and a 1951 Jackson Pollock drip painting.

Read the article via The WSJ