German artist's canvas sells for $37M - FOX13 News, WHBQ FOX 13

German artist's canvas sells for $37M

Posted: Updated:

NEW YORK (AP) - A monumental 20th century masterpiece by German artist Gerhard Richter has sold for $37 million at a New York City auction.

Sotheby's says "Domplatz, Mailand" set a record for any living artist at auction. It was purchased Tuesday by a private American collector.

The 9-foot-by-9-foot oil was commissioned by Siemens Elettra in 1968 for its Milan offices.

It's considered an outstanding example of Richter's 1960s photo-painting technique. The work depicts a shopping center facing Milan's cathedral.

It was offered for sale by the Hyatt Hotels Corporation. Some of the proceeds will be used to acquire new art for its hotels.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Queens NewsQueens NewsMore>>

  • Mayor de Blasio, Bratton seek to improve police-community relations

    Mayor de Blasio, Bratton seek to improve police-community relations

    Monday, July 28 2014 6:30 PM EDT2014-07-28 22:30:38 GMT
    Back from vacation, Mayor Bill de Blasio is addressing the allegations of police choke holds. Standing next to his police commissioner and standing by him, de Blasio declared police community relations will improve by Bill Bratton's call for retraining of officers. The mayor did say that police choke holds are not acceptable.
    Back from vacation, Mayor Bill de Blasio is addressing the allegations of police choke holds. Standing next to his police commissioner and standing by him, de Blasio declared police community relations will improve by Bill Bratton's call for retraining of officers. The mayor did say that police choke holds are not acceptable.
  • Kayakers breach New York's JFK airport security

    Kayakers breach New York's JFK airport security

    Sunday, July 27 2014 3:46 PM EDT2014-07-27 19:46:29 GMT
    The tower at John F. Kennedy International AirportThe tower at John F. Kennedy International Airport
    Two kayakers have been cited for trespassing after breaching a Kennedy Airport security perimeter.
    Two kayakers have been cited for trespassing after breaching a security perimeter at New York's Kennedy Airport.
  • NY man dies speeding on a straight road

    NY man dies speeding on a straight road

    Sunday, July 27 2014 2:29 PM EDT2014-07-27 18:29:19 GMT
    Police say a 24-year-old Queens man was killed in a fiery crash while speeding on a Long Island parkway.
    Police say a 24-year-old Queens man was killed in a fiery crash while speeding on a Long Island parkway.
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices