Marian Goodman’s Gerhard Richter ‘Candle’ Painting Sells for $35.1 M.
A Gerhard Richter painting from the estate of the late dealer Marian Goodman sold at Christie’s Wednesday evening for $35.1 million (with fees). The sale fell well below Richter’s record of $46.3 million, which was set over a decade ago. The lot, Kerze (Candle), from 1982, came to auction with an estimate of $35 million to $50 million, with the high being around $3.7 million higher than his current record. Ahead of the bidding, auctioneer Yü-Ge Wang described the work as being from his “greatest series” and as a “quiet message of hope.” Bidding started at $22 million and seemed to rise quickly in $2 million increments, but then almost just as quickly plateaued. After less than two minutes of anticlimactic bidding, the painting, which had a third-party guarantee, sold for a hammer price of $30 million to a hushed salesroom. Related Articles The Christie’s lot essay describes Richter’s “Kerze” series, begun after he showed the first of “Abstraktes Bild” paintings at Documenta 7 that year, as “a discreet series that combines the past and …


