Gerhard Richter Buy Alert – artmarketblog.com

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Ever fancied owning an original artwork by Gerhard Richter?? With Richter being one of the most important post war artists and one of the most expensive living artists it is hard to think of a reason that anyone wouldn’t want one of his works in their collection. If you are thinking that you could never afford an original work by Richter then think again because to celebrate his first solo show in sixteen years which is taking place at the Serpentine Gallery in London, Richter has produced eighty exclusive original works that are being sold thorough the Serpentine Gallery. Each of the eighty works is tltled Quattro Colori and according to the Serpentine gallery website “comprises four coloured squares, drawn from the same palette of 25 colours used in Richter’s 4900 Colours: Version II, the subject of his exhibition at the Serpentine. Like 4900 Colours: Version II, the colours for Quattro Colori have been selected at random, rendering each piece unique.”

Quattro Colori 2008
Enamel Paint on Aludibond and Wood
19.4 x 19.4 cm
Signed and numbered 1 to 80
Each one unique

Price: £12,000 (incl. VAT)

richter Gerhard Richter Buy Alert   artmarketblog.comThe last couple of years have seen the value of Richter’s work skyrocket as can be seen in the graph to the right which shows a major increase in value since 2007. The auction record for Richter stands at US$15,483,589 for the work Kerze (Candle) which was sold by Sotheby’s at their Contemporary sale on the 27th of February 2008. On the 12th November, Christie’s will auction a major painting by Richter titled Abstraktes Bild (710) in their Post-War and Contemporary Art Evening Sale. According to a press release from Christie’s: “On the heels of a world record price established for Gerhard Richter last season, Christie’s will offer a masterpiece of abstraction by Richter, Abstraktes Bild (710), 1989, (estimate on request).”

At 76 years of age Richter is unlikely to be able to continue producing art for too many more years which is bound to be a factor in the recent increase in the value of his work. Another factor that is likely to have contributed to the increased desirability of Richter’s work is the increased recognition and exposure that Richter has experienced in recent years outside of Europe.

Given the likely unprecedented interest in this Edition, the works which have been reserved for the general public will be available for purchase only in the lobby of the Gallery, in person, on a first-come-first-served basis from 10am on Tuesday 23 September 2008.

For more information, please contact Deborah Bullen, Print Manager, on + 44 (0)20 7298 1511 or for more information go here:
http://www.serpentinegallery.org/2008/07/gerhard_richterquattro_colori.html

image 1:
Quattro Colori 2008
Enamel Paint on Aludibond and Wood
19.4 x 19.4 cm
Signed and numbered 1 to 80
Each one unique

 Gerhard Richter Buy Alert   artmarketblog.com**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.comt Gerhard Richter Buy Alert   artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications

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  • http://www.artmarketsurvey.com Adam Green

    I like Richter a lot but that work doesn’t do that much for me.

  • Ryan Kuyper

    Does anyone know if the £15 000-00 for Richters work on 6 x 8 photos that are on sale at Tate Modern will appreciate in value anytime soon?

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