Topic:

the art market

the art market

Felix Salmon Is Uncomfortable With Gerhard Richter’s Prices

felix

Felix Salmon has a new piece pegged to a Citibank Art Advisory report that calls painter Gerhard Richter “the next great market force among the tradition of 20th century painters including Pablo Picasso, Willem de Kooning and Andy Warhol.” This was certainly not news to Mr. Salmon, or anyone who’s been watching the market—we reported after the November auctions that Richter work was responsible for $197 million in sales for 2011—but he took the opportunity to bemoan the fact that dollar value and artistic value seem to be so linked these days. Read More