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.'   (AP Photo/Lefteris Pitarakis, File)
An auction house employee poses in front of Gerhard Richter's 'Domplatz, Mailand.'   (AP Photo/Lefteris Pitarakis)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
7%
10%
2%
22%
1%
58%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   MSN Living   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   Biography   |   Barstool Sports   |   OK!