A second abstract painting by the German artist Gerhard Richter, owned by the aging rock star Eric Clapton will go under the hammer at Christie's auctioneers this autumn.
Art collectors of ArtKabinett social media network admire the collecting savvy of Eric Clapton, who has amassed one of the world's best private collections.
Last year, 'Abstraktes Bild (809-4)' was sold through Sotheby's to an anonymous buyer for £21,321,250, setting a record price for any living artist. Clapton purchased three major works by Richter in 2001 for around £2m.
It is thought the next-up painting, shown here, will carry an estimate of £20m-£25m.
A group of four tapestries by Gerhard Richter entitled Abdu, Iblan, Musa (shown here), and Yusuf (all 2009) is the subject of a new show at the Gagosian Gallery in London which opens today.
Art collectors of ArtKabinett social media network already report that this an exhibition worth visiting.
The works are based on Abstract Painting (724-4) (1990), a key example of Richter’s distinctive approach to non-representational painting. The visual effect of the tapestries is a Rorschach-like multiplying of the forms and colors of the original canvas.
Since the mid 20th century contemporary artists such as Pablo Picasso, Joan Miro and Henry Moore have experimented with the medium.
Sotheby’s will auction a 20th century masterwork by Gerhard Richter on 14 May 2013 as one of the highlights of the spring Contemporary Art Evening Auction.
Art collectors of ArtKabinett social media network might have to liquidate major assets to acquire this historic artwork.
The painting titled, "Domplatz, Mailand" which carries an estimate of $30-40 million was a commission work executed for the electronics giant Siemens Elettra.
Richter produced the monumental work for their Milan offices in 1968.
The canvas was Richter’s most ambitious to date; spanning in excess of 9 by 9 feet, it was the largest figurative work he had created and its sheer technical accomplishment was remarkable.
A Francis Bacon triptych self-portrait is estimated to sell for as much as $24 million at a sale in London next month.
Art collectors of ArtKabinett social network are growing accustomed to sky-high prices for choice works.
It will be the first big test of the auction market for contemporary art after a record week in New York this past November.
Sotheby’s 56-lot auction on Feb. 12 carries a minimum valuation of 63 million pounds ($101 million), based on hammer prices, the highest figure for one of the company’s February London contemporary sales since the previous art market boom of 2008.
Wealthy individuals, concerned about continuing instability in the wider economy, are increasingly turning to contemporary art as an alternative investment, dealers said.
Andy Warhol has supplanted the Chinese ink painter, Zhang Daqian, as the world’s biggest seller at auction (Zhang's "Lotus and Mandarin Ducks, 1947, ink and color on paper scroll, shown here)
Art collectors of Art Kabinett social network have witnessed stratospheric sales of works by Warhol.
He fetched $380.3 million in sales in 2012, also beating Pablo Picasso, according to figures compiled by the database Artnet.
The two western artists above -- who died in 1987 and 1973 respectively -- had totals exceeding those for 80-year-old Gerhard Richter, the top living artist, with Zhang tumbling to fourth place from first.
The rankings reflect the increasing dominance of western postwar and contemporary works in the international art market.
A Gerhard Richter painting owned by Eric Clapton sold last week for a record 21.3 million pounds ($34.2 million) -- more than 30 times what he paid for it in 2001.
Art collectors of ArtKabinett social network have been impressed with Eric Clapton's collecting savvy.
The 1994 oil-on-canvas “Abstraktes Bild (809-4)” was sold by Sotheby’s in London for its “Frieze Week” auction of contemporary artworks with an estimate of 9 million pounds to 12 million pounds.
The buyer was Natasha Mendelsohn of Sotheby’s, acting for a client on the telephone. She was underbid by her colleague Tobias Meyer, Sotheby’s worldwide head of contemporary art, also taking instructions for a client.
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