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Gerhard Richter
Abstraktes Bild
1997
$794,500
Christie’s New York
Sept. 21, 2011
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HUFFING AND PUFFING
by Rachel Corbett



So, the fall auction season has started. How's the market? The results are mixed. Christie’s New York “First Open” auction on Sept. 21, 2011, totaled $9,920,375, with 74 percent of lots selling, a bit of a drop from the March sale of the same name (which brought in a record $10.3 million). The top lot, a vibrant Gerhard Richter Abstraktes Bild (1997), nearly doubled its $400,000 presale estimate to sell for $794,500.

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