Gerhard Richter Work Sells for $8.86m to Deliver a 2% Annualized Return
3 min read · 15 Oct 2026
Abstraktes Bild. Image courtesy of Sotheby's
Gerhard Richter, Abstraktes Bild (1992), sold for $8.86m (GBP6.68m), more than the low estimate at Sotheby's in London on October 15.
The sale beat the previous auction result for this work by $3.15m, equivalent to an annualized return of 2%. It last sold at auction in 2011 for $5.71m at Christie's.
Oil on canvas, 175.0 x 250.8cm. The work has been traded 9 times in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
October 15, 2026 | $8.86m | 55 % | Sotheby's | London |
October 14, 2011 | $5.71m | 442 % | Christie's | London |
November 13, 2002 | $1.05m | - | Christie's | New York |
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