What's Happening?
Christie's is set to feature three paintings by Gerhard Richter in its upcoming evening art sales in London and Hong Kong. The highlight is 'Schober (Haybarn)', a large landscape photo-painting expected to fetch around $8.2 million. This piece, along with two abstract works from Richter's 'Abstraktes Bild' series, will be auctioned in March. The sales coincide with Art Basel Hong Kong and mark Christie's 40th anniversary in Asia. Richter's works are highly sought after, with significant interest from Asian bidders, reflecting his global appeal and the strong market for his art.
Why It's Important?
The auction of Richter's works underscores the enduring demand for his art, which continues to command high prices at international auctions. This event highlights the robust
market for contemporary art and the increasing influence of Asian collectors. The sale also reflects Christie's strategic positioning in the global art market, leveraging major events like Art Basel to attract high-profile buyers. The success of these auctions could further elevate Richter's status and influence future art market trends, particularly in the realm of contemporary and abstract art.
