Gerhard Richter (b. 1932)

Abstraktes Bild

Price realised GBP 1,874,500
Estimate
GBP 1,200,000 – GBP 1,800,000
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

Price realised GBP 1,874,500
Closed: 16 Oct 2014
Price realised GBP 1,874,500
Closed: 16 Oct 2014
Details
Gerhard Richter (b. 1932)
Abstraktes Bild
signed, numbered and dated '724-1 Richter 1990' (on the reverse)
oil on canvas
33¼ x 44in. (82 x 112cm.)
Painted in 1990
Provenance
Anthony d'Offay Gallery, London.
Galerie Fred Jahn, Munich.
Private collection, Germany.
Anon. sale, Phillips New York, 13 May 2004, lot 35.
Acquired at the above sale by the present owner.
Literature
Kunst- und Ausstellungshalle der Bundesrepublik Deutschland (ed.), Gerhard Richter, Werkübersicht/Catalogue Raisonné: 1962-1993, vol. III, Ostfildern-Ruit 1993, p. 190, no. 724-1 (illustrated in colour, p. 127).
Special notice
On occasion, Christie's has a direct financial interest in lots consigned for sale which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property. This is such a lot. This indicates both in cases where Christie's holds the financial interest on its own, and in cases where Christie's has financed all or a part of such interest through a third party. Such third parties generally benefit financially if a guaranteed lot is sold successfully and may incur a loss if the sale is not successful. Artist's Resale Right ("Droit de Suite"). Artist's Resale Right Regulations 2006 apply to this lot, the buyer agrees to pay us an amount equal to the resale royalty provided for in those Regulations, and we undertake to the buyer to pay such amount to the artist's collection agent. On occasion, Christie’s has a direct financial interest in lots consigned for sale, which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property. Christie’s may choose to assume this financial risk on its own or may contract with a third party for such third party to assume all or part of this financial risk. When a third party agrees to finance all or part of Christie’s interest in a lot, it takes on all or part of the risk of the lot not being sold, and will be remunerated in exchange for accepting this risk out of Christie’s revenues from the sale, whether or not the third party is a successful bidder. The third party may bid for the lot and may or may not have knowledge of the reserves. Where it does so, and is the successful bidder, the remuneration may be netted against the final purchase price. If the lot is not sold, the third party may incur a loss. Christie’s guarantee of a minimum price for this lot has been fully financed through third parties These lots have been imported from outside the EU for sale using a Temporary Import regime. Import VAT is payable (at 5%) on the Hammer price. VAT is also payable (at 20%) on the buyer’s Premium on a VAT inclusive basis. When a buyer of such a lot has registered an EU address but wishes to export the lot or complete the import into another EU country, he must advise Christie's immediately after the auction.

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