On October 19, Christie's holds in London its sale of postwar and contemporary art, and of course works of high quality are announced.
The size of the artwork and the reputation of the artist are fundamental values of contemporary art. We shall therefore particularly note a monumental abstract painting by Gerhard Richter, 311 x 406 cm, entitled Claudius, and assumed to represent the forces of chaos. Painted in large strokes of brilliant colors (red, yellow, white) on a dark background, this oil on linen is dating from 1986.
Richter's work is remarkably varied: it ranges from abstract to contemporary figurative subjects, and very high prices are regularly recorded in all categories. In New York, two abstract paintings have already been around $ 15 million, one at Christie's on May 13 (250 x 400 cm, 1987), the other at Sotheby's the following day (200 x 180 cm, 1990).
For the painting coming on October 19, Christie's announced that the price could be in the range of £ 6 million. However the catalog, at number 22, said that the estimate is available upon request. The beautiful Fine de Dio of Fontana that remained unsold on June 30 in the same room had been presented in a similar manner. This could be a sign that the seller wants it more expensive, but that Christie's will not deter buyers by announcing a too high price.
(Another Fine di Dio is one of the highlights of the sale of 19 October, I'll include it at least in my weekly preview).
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