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
Sotheby's employees pose with Gerhard Richter's 1968 oil on canvas painting 'Domplatz, Mailand.'   (AP Photo/Lefteris Pitarakis, File)

(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.

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Showing 3 of 17 comments
May 16, 2013 12:38 AM CDT
My grandfather used to say, "That would buy a lot of bread," anytime someone spent a few dollars foolishly. I wish he was alive today so I could ask him what he thinks about this story.
May 15, 2013 6:48 PM CDT
Lol, u can get the same painting at the Dollar store for $5, smh..
May 15, 2013 5:52 PM CDT
Looks like I painted it with my di*k.