FLOAT

FLOAT 100 · Art · No. 14

Abstraktes Bild (1986)

Gerhard Richter dragged a squeegee through layer after layer of paint to make it in 1986, asked that it hang in a Cologne museum, and watched it sell for $607,500 in 1999 and £30.4 million in 2015, a record for a living European artist at the time.

Year
1986
Maker
Gerhard Richter
By price in art
14 of 100
Realized at auction · Feb 10, 2015$46,300,000A realized sale: somebody paid it.

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Artist
Gerhard Richter (born February 9, 1932, Dresden)
Year
1986
Catalogue raisonne
No. 599; signed, dated 1986 and numbered 599 on the reverse
Medium
Oil on canvas, worked with brush and squeegee
Size
300.5 x 250.5 cm (118 3/8 x 98 5/8 in.), about 9 ft 10 in. tall
First owner
Michael and Eleonore Stoffel Foundation, Cologne, acquired directly from the artist
On loan
Museum Ludwig, Cologne, during the 1990s, at the artist's request
1999 sale
$607,500 at auction in New York, May 18, 1999
2015 sale
£30,389,000 ($46.3 million) at auction in London, February 10, 2015, against a £14 million to £20 million estimate

A painter from both Germanys

Gerhard Richter was born in Dresden on February 9, 1932, and grew up in the Upper Lusatian countryside, where his father was a village teacher. He apprenticed as an advertising and stage-set painter, was turned down by the Dresden Academy of Fine Arts in 1950 as "too bourgeois," and was admitted in 1951. From 1957 to 1961 he worked as a master trainee at the academy, painting murals and taking commissions for the East German state.

In 1961, two months before the Berlin Wall went up, he and his wife Marianne escaped to West Germany. His Dresden murals were painted over. In the West he studied at the Kunstakademie Dusseldorf under Karl Otto Gotz alongside Sigmar Polke, with whom he coined "Capitalist Realism" as an anti-style. He returned to the Dusseldorf academy as a professor in 1971 and taught there for more than 15 years, and in 1983 he moved to Cologne, where he still lives and works.

Richter has painted photorealist images, landscapes, candles and skulls, and the 1988 cycle about the Red Army Faction, 18 October 1977. But it is the abstractions that have driven his market. Asked about prices like these, he has said, "It's just as absurd as the banking crisis."

1986: the squeegee takes over

Richter first titled a work Abstract Painting in 1976. From the mid-1980s he began using a homemade squeegee to scrape and drag paint he had laid down in broad bands across the canvas. The 2015 auction catalog describes this painting as a decisive break: after the more planned abstractions of 1980 to 1985, from 1986 Richter gave up set compositions in favor of the unpredictable scrape and build-up of the squeegee.

The picture is made in layers. A pearly underpainting shows most in the lower half. Horizontal veils of stuttering paint, pulled by the squeegee, cut across vertical strokes of a wide brush, with finer angular accents on top. The colors run from deep blue to acid yellow and red, and a vertical band of green runs through the center, crossed by a stream of brighter color. Richter added the title, the year and the catalog number 599 on the back.

The filmmaker Corinna Belz, who filmed Richter making an abstract painting with a plexiglass squeegee in 2012, described the method this way: "It's a process of building up a situation and then destroying it. It's also a very emotional thing."

From Cologne to New York to London

The painting went directly from the artist to the Michael and Eleonore Stoffel Foundation in Cologne. In 1986 and 1987 it traveled in Positionen: Malerei aus der Bundesrepublik Deutschland, a survey of West German painting shown in East Berlin, at the Albertinum in Dresden, the city Richter had fled, and at the Sprengel Museum in Hanover. It appears as number 599 in the third volume of Richter's catalogue raisonne, published in 1993.

During the 1990s, at Richter's personal request, it hung on extended loan at the Museum Ludwig in Cologne, and it was reproduced in the museum's 1996 collection catalog. On May 18, 1999, it was sold at auction in New York for $607,500 (one account gives $607,000) and went into private hands; the provenance lists one more owner before the 2015 sale. In the meantime it turned up in print, including on the front cover of a 2005 book on postmodern American fiction.

On February 10, 2015, it was lot 37 in an evening sale of contemporary art in London, estimated at £14 million to £20 million. An anonymous buyer from the United States paid £30,389,000, reported as $46.3 million. One encyclopedia account converts the price as $44.52 million; the higher figure is the one given by the auction house and by art-market data.

How to know it

Richter painted many works with the same title, so the number is what identifies this one: Abstraktes Bild, 1986, catalogue raisonne number 599, signed, dated and numbered on the reverse. At just over 300 cm tall it is one of the largest abstract paintings he made; the 2015 catalog called it one of his largest and "certainly one of his most chromatically astounding."

The 2015 condition report found it in very good condition, with a few short hairline cracks in the paint along the edges and no restoration visible under ultraviolet light. The catalog also noted that the colors in person are brighter and more vibrant than the printed illustration.

The painting is listed in both editions of Richter's catalogue raisonne: Angelika Thill and others, volume III (1993), and Dietmar Elger, volume III (2013), page 507, each as number 599.

The top of the Richter market

The 2015 price set a new record for a work by a living European artist. At that point it was the second-highest price ever paid at auction for a work by any living artist, behind Jeff Koons's Balloon Dog (Orange). It beat Richter's previous record, the $37.1 million paid in May 2013 for his 1968 painting Cathedral Square, Milan.

The climb to that record ran through the abstractions. In November 2011 Abstraktes Bild 849-3 set a Richter record at $20.8 million, and the collector who bought it gave it to the Israel Museum. In late 2012 Eric Clapton sold Abstraktes Bild (809-4), a 1994 canvas, for $34.2 million. Between its 1999 and 2015 sales, this painting's price rose from $607,500 to more than $46 million.

As of an art-market report published in October 2025, the 2015 result remained Richter's highest price at auction.

The numbers

Medium
Oil on canvas
Dimensions
300.5 x 250.5 cm (118 3/8 x 98 5/8 in.)
Catalogue raisonne
No. 599 (Thill et al., 1993, Vol. III; Elger, 2013, Vol. III, p. 507)
Inscription
Signed, dated 1986 and numbered 599 on the reverse
Current owner
Private; an anonymous U.S. buyer in 2015

Timeline

  1. Gerhard Richter is born in Dresden.

  2. The Dresden Academy of Fine Arts rejects his application as "too bourgeois"; he is admitted in 1951.

  3. Richter escapes to West Germany two months before the Berlin Wall is built.

  4. Returns to the Kunstakademie Dusseldorf as a professor.

  5. First gives a work the title Abstract Painting.

  6. Moves from Dusseldorf to Cologne.

  7. Paints Abstraktes Bild, numbered 599; it goes directly to the Michael and Eleonore Stoffel Foundation in Cologne.

  8. Shown in Positionen, a survey of West German painting, in East Berlin, Dresden and Hanover (1986-87).

  9. Catalogued as no. 599 in volume III of the Richter catalogue raisonne.

  10. Reproduced in the Museum Ludwig's collection catalog while on extended loan there at the artist's request.

  11. Sold at auction in New York for $607,500.

  12. Reproduced on the front cover of a book on postmodern American fiction.

  13. Catalogued as no. 599 in Dietmar Elger's catalogue raisonne, volume III.

  14. Richter's Cathedral Square, Milan sets his auction record at $37.1 million.

  15. Sold at auction in London for £30,389,000 ($46.3 million) to an anonymous U.S. buyer, a record for a living European artist.

  16. An art-market report notes the 2015 result still stands as Richter's auction record.

The world in 1986

  • The Space Shuttle Challenger breaks apart 73 seconds after launch, killing all seven crew, including teacher Christa McAuliffe.

  • Pixar is founded, with John Lasseter and Steve Jobs.

  • Halley's Comet reaches perihelion on its second visit of the 20th century.

  • Swedish Prime Minister Olof Palme is shot dead in Stockholm on his way home from the cinema.

  • A failed safety test at the Chernobyl nuclear plant in the Soviet Union causes the Chernobyl disaster, spreading radioactive fallout.

  • Diego Maradona scores the "Hand of God" goal and a solo goal against England at the World Cup in Mexico.

  • The Statue of Liberty reopens after its centennial restoration.

Price record

DatePriceKind
May 18, 1999$607,500Sold at auctionSold at auction in New York (lot 42). One source gives $607,000.
Feb 10, 2015$46,300,000Sold at auctionSold at auction in London for £30,389,000 including premium, to an anonymous U.S. buyer; estimate was £14 million to £20 million. USD figure as reported by the auction house and an art-market data report; another account converts it as $44.52 million.

A realized auction price is what a buyer actually paid on the date shown, including the buyer's premium where the sale reported it. It is the strongest kind of reference price, and it is a record of one sale of one object on one day, not a promise of what the next example will bring.

By reference price, Abstraktes Bild (1986) is number 14 of 100 in the art entries of the FLOAT 100. 88 of those 100 rest on a realized sale; the rest carry an asking price or a guide value, and each page says which. Rank within the FLOAT 100 itself (14 here) is editorial: how much an object defines its field, not price alone.

Did you know

  • Richter himself asked that the painting be lent to the Museum Ludwig in Cologne, where it hung through the 1990s.
  • In 1986 and 1987 it was shown in Dresden, the city of Richter's birth, which he had fled 25 years earlier.
  • Its price rose from $607,500 in 1999 to £30.4 million in 2015.
  • The Dresden art academy first turned Richter down in 1950 for being "too bourgeois."
  • It appears on the front cover of a 2005 academic book about postmodern American fiction.
How this page is made
The figure
One reference price, shown with its own kind. FLOAT does not average it with anything or adjust it for time.
Realized or not
A realized price is a completed sale. An asking price, an estimate and a price-guide value are not sales, and are labeled as such wherever they appear.
The story
Researched from published records and checked fact by fact. Updated Oct 1, 2026.
Archive
Oct 5, 2026