by Vanessa Schmitz-Grucker T
IN 2021, Kandinsky saw his Calmed Tensions (1937) fetch $29.3 M: the second highest result for a work by the father of Abstraction
Richter not only dominated the German artist market but was also one of the top five in the world ranking for all creative periods combined . His prices have never been so high: in 20 years, they have risen by 719%. It was also an excellent year for Sigmar Polke, who accounted for $36 M, mainly in Germany. Lucian Freud was also well-placed thanks to his portrait of David Hockney, which went for $20.6 M. 100% of his lots found takers, as opportunities at auction are decidedly rare. Lastly, Kandinsky, that pillar of art history, saw his Calmed Tensions (1937) fetch $29.3 M: the second highest result for a work by the father of abstraction.
