Painting Fetches Highest Price Ever for Living Artist

Gerhard Richter oil work sells for $37M

By John Johnson,  Newser Staff

Posted May 15, 2013 3:33 PM CDT

(Newser) – A huge oil painting by German artist Gerhard Richter sold for $37 million at Sotheby's yesterday, making it the highest price ever paid for a work by a living artist, reports the Guardian. Richter painted the 9-foot-by-9-foot Domplatz, Mailand, in 1968, and it last sold 15 years ago for "only" $3.5 million to Hyatt Hotels. The work depicts Milan's Cathedral Square in the 81-year-old Richter's distinctive style—it looks like a blurred photograph. The new owner is Don Bryant, founder of a Napa Valley vineyard, reports Reuters. "This just knocks me over," he says.

Sotheby's employees pose with Gerhard Richter's 1968 oil on canvas painting 'Domplatz, Mailand.'
Sotheby's employees pose with Gerhard Richter's 1968 oil on canvas painting 'Domplatz, Mailand.'   (AP Photo/Lefteris Pitarakis, File)
An auction house employee poses in front of Gerhard Richter's 'Domplatz, Mailand.'
An auction house employee poses in front of Gerhard Richter's 'Domplatz, Mailand.'   (AP Photo/Lefteris Pitarakis)
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