Gerhard Richter's Abstraktes Bild sells for £30m in London

Works by Francis Bacon, Lucio Fontana and David Hockney all fetch strong prices at Sotheby’s Titans of Contemporary Art saleA new record has been set for a work sold by an living European artist after an anonymous US buyer paid £30.4m for an oil-on-canvas by the German painter Gerhard Richter.The work, painted in 1986 and called Abstraktes Bild, went under the hammer at Sotheby’s in London, where it easily surpassed its £14m-to-£20m estimate. Continue reading...