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Gerhard Richter (b. 1932)

Abstraktes Bild (802-1)

Price realised USD 5,847,500
Estimate
USD 4,000,000 – USD 6,000,000
Estimates do not reflect the final hammer price and do not include buyer's premium, and applicable taxes or artist's resale right. Please see Section D of the Conditions of Sale for full details.
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Gerhard Richter (b. 1932)

Abstraktes Bild (802-1)

Price realised USD 5,847,500
Closed: 15 Nov 2016
Price realised USD 5,847,500
Closed: 15 Nov 2016
Details
Gerhard Richter (b. 1932)
Abstraktes Bild (802-1)
signed twice, numbered twice and dated twice 'Richter 1994 802-1 Richter 1994 802-1' (on the reverse)
oil on canvas
40 1/8 x 44 1/8 in. (102 x 112 cm.)
Painted in 1994.
Provenance
Anthony d'Offay Gallery, London
Private collection, Seoul
Galerie Vonderbank, Berlin
Galerie Springer & Winckler, Berlin
Acquired from the above by the present owner
Literature
Gerhard Richter 1998, exh. cat., London, Anthony d'Offay Gallery, 1998, p. 87, no. 802-1 (illustrated in color).
Gerhard Richter Catalogue Raisonné 1993-2004, exh. cat., Dusseldorf, K20 Kunstsammlung Nordrhein-Westfalen, 2005, p. 269, no. 802-1 (illustrated in color).
D. Elger, Gerhard Richter: Catalogue Raisonné 1988-1994, Volume 4: 1988-1994, Nos. 652-1-805-6, Ostfildern, 2015, p. 580, no. 802-1 (illustrated in color).
Exhibited
London, Anthony d'Offay Gallery, Gerhard Richter: Painting in the Nineties, June-August 1995, pp. 44 and 83, pl. 10 (illustrated in color).
Special notice
On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. Where Christie's has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie's therefore sometimes chooses to share that risk with a third party. In such cases the third party agrees prior to the auction to place an irrevocable written bid on the lot. The third party is therefore committed to bidding on the lot and, even if there are no other bids, buying the lot at the level of the written bid unless there are any higher bids. In doing so, the third party takes on all or part of the risk of the lot not being sold. If the lot is not sold, the third party may incur a loss. The third party will be remunerated in exchange for accepting this risk based on a fixed fee if the third party is the successful bidder or on the final hammer price in the event that the third party is not the successful bidder. The third party may also bid for the lot above the written bid. Where it does so, and is the successful bidder, the fixed fee for taking on the guarantee risk may be netted against the final purchase price.

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