Gerhard Richter painting fetches $12.9M in NY sale

AP News
Posted: Nov 10, 2011 10:16 PM
Gerhard Richter painting fetches $12.9M in NY sale

An iconic painting of two candles by German artist Gerhard Richter fetched over $12.9 million at a New York City auction.

"Zwei Kerzen" (Tzveye KEHRT'-sehn) sold at Christie's post-war and contemporary art sale Thursday evening. Its pre-sale price was estimated at $12 million to $16 million.

The oil on canvas depicts close-ups of two lit candles in Richter's photorealist style. It is one of the largest of his series of candle and skull paintings.

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Another work from the series, "Kerze" (Kehrts), currently holds the record for the artist. It sold at auction in 2008 for $15.8 million.

Prices include the buyer's premium.