Contemporary Art

Rare Richter Leads Strong Contemporary Results

By Sotheby's

LONDON – The Contemporary Art Evening Auction on 8 March reached a total of £118 million, exceeding the pre-sale estimate and setting records for a number of artists including Georg Baselitz, whose 1965 painting Mit Roter Fahne (With Red Flag) sold for £7.5 million. The sale was led by Gerhard Richter's serene landscape Eisberg, which sparked a prolonged battle in the room and on the phones, selling for £17.7 million, to delighted applause in the saleroom. It was one of a trio of Richters to feature in the night's top 10 lots with Gebirge fetching £4,096,250 and Abstraktes Bild going for £3,983,750. In an evening which saw strong prices achieved for works by artists such as David Hockney, Yayoi Kusama and Adrian Ghenie. Christopher Wool's graphic large-scale canvas Untitled was another highlight, achieving £7.1 million, more than double its high estimate. Click ahead to see the results.

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