Gerhard Richter Work Sells for $375,500 But Delivers a 37% Negative Return

Gerhard Richter, Flow (933-1) (2013), sold for $375,500 (GBP281,600), less than the low estimate at Sotheby's in London on March 5.

The sale was below the previous auction result by $229,300, realizing a 37% negative return. It last sold at auction in 2022 for $604,800 at Christie's.

Enamel on back of glass mounted on alu dibond, 120.0 x 170.0cm. The work has been traded 4 times in the past.