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Christie's sells £47m of artwork in London

Richter's 'Netz' was sold to a private US collector after the auction on Monday at Christie's auction house for £5.5 million.

New York

CHRISTIE'S sold £46.9 million (S$96 million) of postwar and contemporary art at the start of Frieze week in London, as a Gerhard Richter estimated at as much as £10 million failed to find a buyer at the auction.

Richter's Netz - a red, yellow and green abstract painting -