All posts tagged: Goodmans

Marian Goodman’s .1 M. Richter Leads Christie’s 2.7 M. Trio of Sales

Marian Goodman’s $35.1 M. Richter Leads Christie’s $162.7 M. Trio of Sales

Published by Jenni Sidey

Led by a $35.1 million Gerhard Richter canvas, Christie’s New York notched a $162.7 million across a trio of evening sales of postwar and contemporary art that just barely meet expectations at its crowded Rockefeller Center salesroom on Wednesday night. The auction was expected to bring in between $129 million and $191 million on 42 lots (after a Kerry James Marshall was withdrawn); the hammer total, before the house’s fees, came to $133.6 million, just a few million above the low estimate. Wednesday night saw the highest total for an equivalent sale in five years; last year’s equivalent sale notched $96.4 million with fees on 39 lots. Related Articles Just one work, an Ed Ruscha canvas estimated at up to $5.5 million, failed to sell. Auctioneer Yü-Ge Wang effortlessly shifted from English to Mandarin, German, and French as she took bids, mainly from Christie’s staffers who bid on behalf on clients talking by phone.  Revered art dealer Marian Goodman’s collection of eight Richter paintings was estimated to fetch in the region of $65 million; all …

Marian Goodman’s Gerhard Richter ‘Candle’ Painting Sells for .1 M.

Marian Goodman’s Gerhard Richter ‘Candle’ Painting Sells for $35.1 M.

Published by Jenni Sidey

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 …