Gerhard Richter's Cage Grid I print up 26% on estimate

paulfrasercollectibles

2015-06-26 13:37:51

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Gerhard Richter's Cage Grid I print up 26% on estimate

Gerhard Richter's Cage Grid I led a day auction at Christie's London

Gerhard Richter's Cage Grid I (Complete Set) has sold for 566,500 ($943,223) at Christie's post war and contemporary art day auction in London.

The sale took place on February 14, with the work exceeding its estimate of 450,000 ($743,400) by 25.8%.

Gerhard Richter Cage Grid The work is numbered 15 of an edition of 16

The giclee print reworks the final painting in the artist's series inspired by the music of modernist composer John Cage.

The prints are mounted on aluminium, split into 16 identical squares and displayed in a grid pattern. The work is numbered 15 of an edition of 16.

Richter's work has proven enormously popular among collectors of late,with a number of high profile sales in Londoncementing his reputation as one of the most bankable contemporary artists.

Wand (1994) achieved 17.4m ($28.7m) at Sotheby's recent contemporary art evening sale, while a work from his Abstraktes Bild series made 19.5m ($32.4m) at Christie's post war and contemporary evening auction.

Other pieces that performed well included Lucio Fontana's Concetto Spaziale, Atteste, a significant work from the pioneering artist that achieved 446,500 ($743,423) - an increase of 197.6% on its 150,000 ($249,000) estimate.

A day sale at Sotheby's on February 14 saw another work by Fontana achieve 698,500 ($1.1m).

We have a range of art and photography memorabilia available, including this signed sketch by Damien Hirst.

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