'The Crying of Lot 109: An Inquiry Into Recent Auction Performance of Gerhard Richter’s Abstraktes Bild Series'

Evening of 12 October 2023, London. Frieze week. Sotheby’s highlight for their Contemporary Evening Auction is a piece from Gerhard Richter’s signature Abstraktes Bild series. Known in this context as, Lot 109, it is a bold, dashing abstract picture exhibiting Richter’s emblematic squeegee work, and is estimated to sell between 16 and 24 million pounds. The work is marketed as one of the evening’s key lots, going on sale during what is possibly the year’s most significant week in art. Oliver Barker starts the bidding for lot 109 at 11 million. Bids slowly increase towards 14,5 million, then stall for a few minutes. Noticing no more bidding for this lot, Mr. Barker claims the work has “passed”, slams the gavel, then goes on with the auction, as if nothing happened.

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