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German Painter Most Expensive Living Artist

Gerhard Richter now stands as the world’s most expensive living artist, a status confirmed and consecrated by the current retrospective at New York’s Museum of Modern Art. Just as his reputation has risen steadily since he arrived in West Germany in 1961, so has the value of his work, which with barely a hiccup has climbed steadily. Today a major work can command over $9 million; the MoMA recently spent some $15 million acquiring the “October” series.