Gerhard Richter Painting Listed Above $20 Mil Sells at Pace Gallery’s Art Basel Booth

Gerhard Richter‘s large, richly textured, and riotously polychromatic 1986 oil painting “A.B. Courbet, ” a highlight of the Pace Gallery‘s booth at this week’s Art Basel, was sold today during the second day of the fair’s VIP preview. The work was listed in the $25 million range.

It was sold earlier today for an undisclosed sum to an as yet unnamed buyer. It was one of the most expensive artworks available at the Swiss fair, whose top lot is the astronomically priced $78 million Mark Rothko at the Marlborough booth.

The 118 inch by 98 inch oil on canvas composition is one of the centerpieces of the Pace booth, which ARTINFO‘s Benjamin Genocchio deemed “stellar,” though not sufficiently so to land on his list of Art Basel 2012’s 10 best booths.

— Judd Tully

(Photo by: Kerry Ryan McFate / Courtesy Pace Gallery)