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A Gerhard Richter Painting Became the Most Expensive Work by a Western Artist Sold at an Asian Auction

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The 1987 Richter canvas sold for over $27 million at Sotheby’s Hong Kong whose total sales set an auction record for contemporary art at Sotheby’s in Asia.

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Sotheby's Contemporary Sale Totals $276.6 M., Anchored by $34 M