Gerhard Richter Says He’s Shocked by the State of the Art Market

The most expensive living artist in Europe, Gerhard Richter, criticized the art market and denounced the hype surrounding contemporary artists, including himself, as a “cult of personality.”

Speaking to the German weekly Die Zeit, the 83-year-old painter said the exorbitant prices his artworks achieve at auction were proof of how “insanely the art market has developed,” and how the prices have nothing to do with the work.  He expressed his disbelief at the fact that even his signed postcards were being sold on the market and fetching high prices, calling it a “frightening development.”


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