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Auction archive: Lot number 218

GERHARD RICHTER (B. 1932)

Estimate
HK$12,000,000 - HK$20,000,000
ca. US$1,532,632 - US$2,554,387
Price realised:
HK$14,895,000
ca. US$1,902,380
Auction archive: Lot number 218

GERHARD RICHTER (B. 1932)

Estimate
HK$12,000,000 - HK$20,000,000
ca. US$1,532,632 - US$2,554,387
Price realised:
HK$14,895,000
ca. US$1,902,380
Beschreibung:

Details
GERHARD RICHTER (B. 1932)
Abstraktes Bild 850-7
signed, inscribed and dated ‘Richter 1998 850-7’ (on the reverse)
oil on canvas
50 x 45 cm. (19 5/8 x 17 3/4 in.)
Painted in 1998
Provenance
Anthony d’Offay Gallery, London
Private collection
Sotheby’s London, 15 February 2011, lot 32
Private collection
Sotheby’s Hong Kong, 3 October 2016, lot 616
Acquired at the above by the present owner
Literature
Anthony d’Offay Gallery, Gerhard Richter 1998 exh. cat., London, 1998 (illustrated, p.101).
Gerhard Richter Catalogue Raisonné 1993-2004, exh. cat., K20 Kunstsammlung Nordrhein-Westfalen and Munich, Städtische Galerie im Lenbachhaus und Kunstbau, Düsseldorf , 2005 (illustrated, p. 283, no. 850-7).
M. Jenni-Preihs, Gerhard Richter und die Geschichte Deutschlands, Vienna and Berlin, 2013 (illustrated, p. 201).
N. N.: Auktionen, in: Monopol, Oct. 2016, (illustrated, p. 115)
D. Elger, Gerhard Richter Catalogue Raisonné, Volume 5, 1994-2006, Berlin, 2019 (illustrated, p. 276, no. 850-7).
Exhibited
London, Anthony d’Offay Gallery, Gerhard Richter New Paintings, 11 September – 22 October 1998.
Oslo, Astrup Fearnley Museum of Modern Art, Gerhard Richter The Art of the Impossible, 17 January-1 April 1999.
Special notice
On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. This is such a lot.
Where Christie’s has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie’s therefore sometimes chooses to share that risk with a third party who agrees prior to the auction to place an irrevocable written bid on the lot. If there are no other higher bids, the third party commits to buy the lot at the level of their irrevocable written bid. In doing so, the third party takes on all or part of the risk of the lot not being sold. Christie's compensates the third party in exchange for accepting this risk provided that the third party is not the successful bidder. The remuneration to the third party may either be based on a fixed fee or an amount calculated against the final hammer price. The third party may also bid for the lot above the irrevocable written bid. Where the third party is the successful bidder, the third party is required to pay the hammer price and the buyer's premium in full.
Third party guarantors are required by us to disclose to anyone they are advising their financial interest in any lots they are guaranteeing. However, for the avoidance of any doubt, if you are advised by or bidding through an agent on a lot identified as being subject to a third party guarantee you should always ask your agent to confirm whether or not he or she has a financial interest in relation to the lot.

Auction archive: Lot number 218
Auction:
Datum:
29 May 2023
Auction house:
Christie's
King Street, St. James's 8
London, SW1Y 6QT
United Kingdom
+44 (0)20 7839 9060
+44 (0)20 73892869
Beschreibung:

Details
GERHARD RICHTER (B. 1932)
Abstraktes Bild 850-7
signed, inscribed and dated ‘Richter 1998 850-7’ (on the reverse)
oil on canvas
50 x 45 cm. (19 5/8 x 17 3/4 in.)
Painted in 1998
Provenance
Anthony d’Offay Gallery, London
Private collection
Sotheby’s London, 15 February 2011, lot 32
Private collection
Sotheby’s Hong Kong, 3 October 2016, lot 616
Acquired at the above by the present owner
Literature
Anthony d’Offay Gallery, Gerhard Richter 1998 exh. cat., London, 1998 (illustrated, p.101).
Gerhard Richter Catalogue Raisonné 1993-2004, exh. cat., K20 Kunstsammlung Nordrhein-Westfalen and Munich, Städtische Galerie im Lenbachhaus und Kunstbau, Düsseldorf , 2005 (illustrated, p. 283, no. 850-7).
M. Jenni-Preihs, Gerhard Richter und die Geschichte Deutschlands, Vienna and Berlin, 2013 (illustrated, p. 201).
N. N.: Auktionen, in: Monopol, Oct. 2016, (illustrated, p. 115)
D. Elger, Gerhard Richter Catalogue Raisonné, Volume 5, 1994-2006, Berlin, 2019 (illustrated, p. 276, no. 850-7).
Exhibited
London, Anthony d’Offay Gallery, Gerhard Richter New Paintings, 11 September – 22 October 1998.
Oslo, Astrup Fearnley Museum of Modern Art, Gerhard Richter The Art of the Impossible, 17 January-1 April 1999.
Special notice
On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. This is such a lot.
Where Christie’s has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie’s therefore sometimes chooses to share that risk with a third party who agrees prior to the auction to place an irrevocable written bid on the lot. If there are no other higher bids, the third party commits to buy the lot at the level of their irrevocable written bid. In doing so, the third party takes on all or part of the risk of the lot not being sold. Christie's compensates the third party in exchange for accepting this risk provided that the third party is not the successful bidder. The remuneration to the third party may either be based on a fixed fee or an amount calculated against the final hammer price. The third party may also bid for the lot above the irrevocable written bid. Where the third party is the successful bidder, the third party is required to pay the hammer price and the buyer's premium in full.
Third party guarantors are required by us to disclose to anyone they are advising their financial interest in any lots they are guaranteeing. However, for the avoidance of any doubt, if you are advised by or bidding through an agent on a lot identified as being subject to a third party guarantee you should always ask your agent to confirm whether or not he or she has a financial interest in relation to the lot.

Auction archive: Lot number 218
Auction:
Datum:
29 May 2023
Auction house:
Christie's
King Street, St. James's 8
London, SW1Y 6QT
United Kingdom
+44 (0)20 7839 9060
+44 (0)20 73892869
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