[I-V]

$ 16,480,626 for "candle" by Gerhard Richter

Apparently, the skepticism Richter now only intensify >

The Friday auction of Contemporary Art Christie's: unexpected triumph

... The loudest of the evening began with a lot of the catalog cover - "Candle" by Gerhard Richter (Gerhard Richter), 1982. This item has been "made" the public, and eventually reached a record for the artist price 10,457,250 pounds (16,480,626 dollars) (est. £ 6-9 millions).

By a happy home for the auction and has provided work for auction the Scandinavian collector coincidence, a retrospective of Richter's taking place now in the Tate Modern: her work is represented like Richter, however, according to Artinfo, inferior quality sold on Friday at Christie's. According to Francis Utreda, Richter has created a total of 27 paintings depicting the candle, three of which were lost, seven are in museums, others - in private collections. There are 12 paintings depicting a single candle, and this work, where a white candle, lit by standing on the ground, carefully shaded with red, according to a specialist, aroused great interest.

Record of the "Spark" has eclipsed the previous record Richter paintings on the same subject: "Candle" in 1983 was sold at auction at Sotheby's London in February 2008 to 7.9725 million pounds (15,843,600 dollars).

Interestingly, as noted by observant publisher Josh Baer (Josh Baer), the current record-holder was included in the trading of the New York Online VIP Fair last February: the Copenhagen-Beijing if the dealer Ground Jens (Jens Faurschou) offered her even more optimistic price of EUR 15 million. Minced meat was sitting at the last auction in the first row, he confirmed that the owner put up a masterpiece on the Richter current bid for his advice.

Utred Francis, who took over the phone the final winning bid on the work of Richter, refused to tell, in which the edge will go work, but noted that "it will have a beautiful house." This record, writes Artinfo, let the whole market a sigh of relief and hope.

Source:

interesting review of Friday's (14.10.11) at Christies auction AI:

http://artinvestment.ru/news/auctnew...chrisries.html