Art Share 003 launches an initial offering of Gerhard Richter's painting valued at $38.2 million.

From GlobeNewswire: 2024-09-18 01:31:00

Art Share 003 S.A. plans to launch an initial offering of the highly sought-after ‘Abstraktes Bild (809-4)’ painting by Gerhard Richter, valued at USD 38.2 million. The acquisition will follow the transaction, with Class B Shares offered on ARTEX Global Markets. Rothschild & Co serves as financial advisor and Zeus Capital Limited will be the sole bookrunner. The painting is part of a series, one of which is jointly owned by the Tate Modern in London and the National Galleries of Scotland. Gerhard Richter, 92, is known for his diverse works that challenge artistic norms, blending realism with modernism.



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