Gerhard Richter

Abstraktes Bild (774-1)

Found at Phillips, Hong Kong Auction
20th Century & Contemporary Art Evening Sale in association with Yongle, Lot Ο ◆ ✱8
1. Dec - 1. Dec 2022
Estimate: 80.000.000 - 120.000.000 HKD
Price realised: 89.375.000 HKD
signed, numbered and dated '774-1 RICHTER 1992' on the reverse
oil on canvas
200 x 180.3 cm. (78 3/4 x 70 7/8 in.)
Painted in 1992.

Auction result well in line with expectations

The work Abstraktes Bild (774-1) by Gerhard Richter was sold in the 20th Century & Contemporary Art Evening Sale in association with Yongle auction at Phillips in Hong Kong in December last year. The estimated price for the artwork was previously given by the auction house with a range of HKD 80,000,000.00 – 120,000,000.00, the actual price achieved of HKD 89,375,000.00 (€ 10,710,296.32) could thus just exceed the lower estimate. However, buyers have had to dig much deeper into their pockets for other works by Gerhard Richter - we have observed the highest auction result to date for the work Abstraktes Bild, which sold at auction in February 2015 for GBP 30,389,000.00 (€ 41,901,917.57).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Abstraktes Bild (774-1) von Gerhard Richter wurde im Dezember letzten Jahres in der Auktion 20th Century & Contemporary Art Evening Sale in association with Yongle bei Phillips in Hong Kong versteigert. Der Schätzpreis für das Kunstwerk wurde von dem Auktionshaus zuvor mit einer Spanne von HKD 80.000.000,00 – 120.000.000,00 angegeben, der tatsächlich erzielte Preis von HKD 89.375.000,00 (€ 10.710.296,32) konnte den unteren Schätzpreis somit knapp übertreffen. Für andere Arbeiten von Gerhard Richter mussten die Käufer allerdings auch schon deutlich tiefer in die Tasche greifen – das bisher höchste Auktionsergebnis haben wir für die Arbeit Abstraktes Bild beobachtet, die im Februar 2015 für GBP 30.389.000,00 (€ 41.901.917,57) versteigert wurde.

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