Richter painting sells for $37 million in NYC
A monumental 20th century masterpiece by German artist Gerhard Richter has sold for $37 million at a New York City auction.
Sotheby’s says “Domplatz, Mailand” set a record for any living artist at auction. It was purchased Tuesday by a private American collector.
The 9-foot-by-9-foot oil was commissioned by Siemens Elettra in 1968 for its Milan offices.
It’s considered an outstanding example of Richter’s 1960s photo-painting technique. The work depicts a shopping center facing Milan’s cathedral.
It was offered for sale by Chicago-based Hyatt Hotels Corporation. Some of the proceeds will be used to acquire new art for its hotels.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.