At its post-war and contemporary sale on Nov. 14, Christie’s will auction off Gerhard Richter’s Prag 1883. The painting, made in 1983, comes from the collection of hedge fund maven Steven A. Cohen and is estimated “in the region of $15 million.”
The news first appeared in Carol Vogel’s column yesterday. Brett Gorvy, Christie’s chairman and international head of post-war and contemporary art, said in a release, “Richter is certainly the greatest abstract painter working today and Prag 1883 contains the genesis of all his ideas on abstraction.”
The painting’s title is in reference to the place and date of Franz Kafka’s birth.
In other Richter news, his show of new paintings is currently on view at Marian Goodman Gallery.