Ziege by Richter (1984)

Ziege by Richter (1984)

Oil on canvas

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Categories
Art & Collectibles
Min Investment
$5,000
Location
New York, NY
Target Raise
$9.10M
Appraised Value
$1,000,000
Year
1984
Historical Appreciation
17
Security Price
$20

Key Deal Facts

German contemporary artist Gerhard Richter is highly regarded for developing a unique painting technique used to create colorful abstract paintings.
The work – titled Ziege – previously sold at auction for $8,986,000 in 2016. Prior to acquisition it was appraised for $10,500,000, and Masterworks’ offering size is $9,102,000.
Ziege has been exhibited at multiple galleries including, Galerie Jean Bernier in Athens, Galerie Michael Haas in Berlin, and Galerie Neuendorf in Frankfurt.
Similar works have appreciated by 17% per year.
Gerhard Richter currently holds the record for the 4th and 5th most expensive painting or sculpture sold at auction by any living artist: Abstraktes Bild (1986) sold for $46,306,758 in 2015, and Domplatz, Mailand (1968) sold for $37,125,000 in 2013.
Richter received the Golden Lion award at the 47th Venice Biennale in 1997, one of the most prestigious awards for a living artist.
Amount Raised : $0
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