Unicorn Art ClubUnicorn Art Club / All 30 artists
Gerhard Richter
1932 · Capitalist Realism, Photorealism, Abstract painting
The club deal
- Status
- Fundraising open
- Minimum per member
- USD 100,000 (US residents: USD 200,000 individuals, USD 1,000,000 entities)
- Fundraising target
- 8,000,000 USD
- Selection window
- 12 months, with return of the capital if no suitable work is found
- Vehicle
- a dedicated SPV for this artist
- Expected exit
- between 3 and 7 years, through auction or private sale
How the club deal for each artist works · Costs
If no suitable work is found within 12 months, the capital paid in is returned.
Price range of the works the club looks for
from 2,000,000 to 35,000,000 USD (2-35 million for Abstrakte Bilder and photo paintings; overpainted photographs 0.1-0.5 million; editions under 100,000 dollars)
Market liquidity: high
Biography
Gerhard Richter, born in Dresden, trained in socialist realism in East Germany before fleeing to the West in 1961 and studying at the Düsseldorf Academy. With Sigmar Polke and Konrad Lueg he launched Capitalist Realism in 1963. His blurred photo paintings, colour charts, grey monochromes, candles, landscapes and, from the late 1970s, squeegee Abstrakte Bilder question how painting can represent reality after photography. The 1988 October 18, 1977 cycle at MoMA and the Birkenau paintings address German history. Richter is the most traded living European painter, with a deep market from editions and overpainted photographs to eight-figure abstractions. His auction record remains Abstraktes Bild (599), sold in London in 2015.
Auction record
46,300,000 USD: Abstraktes Bild (599), 1986, Sotheby's, Londra (source)
Recent auction results
- 8,070,000 USD: Besen (1984), Phillips, New York, 2026-05-19 (source)
- 35,130,000 USD: Kerze (1982), Christie's, New York (source)
- 11,780,000 USD: Abstraktes Bild (1991), Christie's, Hong Kong (source)
- 8,860,000 USD: Abstraktes Bild (1992), Sotheby's, Londra (source)
- 7,750,000 USD: Mathis (1983), Phillips, Londra (source)
Market data: public auction results with date, auction house and source, the same data as Unicorn Art Watch.
Museums
- Museum of Modern Art, New York
- Tate Modern, Londra
- Albertinum (Gerhard Richter Archiv), Dresda
- Art Institute of Chicago
- Museum Ludwig, Colonia
Sources
Prices and news on Unicorn Art Watch · Guides on investing in art on Unicorn Private Research
Risk: Investing involves the risk of losing capital.