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The Linda Pace Foundation, which is dedicated to the charitable vision of its founder, the late Linda Pace, will sell Gerhard Richter's 1992 painting "Abstraktes Bild (774-4)" on November 12 in New York. The painting, which has been consigned to Christie’s, is expected to fetch between $14 million and $18 million. Proceeds from the sale will help fund an exhibition space to showcase the Linda Pace Foundation’s growing permanent collection to the public. The British architect David Adjaye has been selected to design the building in San Antonio, Texas, where the foundation is based. Additional funds for the space will come from the foundation.

"Abstraktes Bild (774-4)" is a seminal example of Richter’s multi-layered abstract style, which he began exploring in the late 1980s.

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The Gerhard Richter show inaugurating Marian Goodman’s heavily anticipated London gallery is nothing short of superb. Curated by the artist, it showcases Richter’s recent experiments with abstraction, while subtly inscribing these within the history of his practice. The exhibition is not—as some might have feared—the “greatest hits” of an auction favorite. It represents a thoughtful presentation of an artistic mind at work. And it shows that mind as alert to the yet-untapped potential of the pictorial medium as when Richter first rose to fame a half-century ago.

Spread over two floors of the Victorian-era warehouse—tastefully refurbished by David Adjaye Associates—the exhibition features three bodies of work: “Strip,” “Flow,” and a series of painted photographs, which Richter initiated in 1986.

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The legendary art dealer Marian Goodman will open a London outpost this fall. Located in an 11,000-square-foot Victorian warehouse on Golden Square in Soho, the Marian Goodman Gallery will join a number of U.S.-based galleries in the neighborhood, including Gagosian Gallery, David Zwirner Gallery, Hauser & Wirth, and Pace Gallery. Goodman, who has well-established galleries in New York and Paris, represents a bevvy of influential artists, including conceptual artists John Baldessari, Dan Graham, and Lawrence Weiner; photographers Jeff Wall, Rineke Dijkstra, and Thomas Struth; installation artists Annette Messager and Danh Vō; and painters Julie Mehretu and Gerhard Richter.

The London-based architect David Adjaye has helmed the renovation of the gallery space. Adjaye, who designed Denver’s Museum of Contemporary Art and the Smithsonian Institution’s National Museum for African American History and Culture, which is currently under construction, is known for his ingenious use of materials and his ability to showcase light.

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London-based creative design consultancy Universal Design Studio have been announced as the architectural team for Frieze London 2014.

Universal Design Studio was founded in 2001 by Edward Barber, OBE and Jay Osgerby, OBE to focus on architecture and interiors, building upon their award-winning product and furniture design portfolio.

In previous years the fair has employed a series of globally recognised architectural firms: Carmody Groarke (2011–2013), Caruso St John (2008-2010), Jamie Fobert (2006–2007) and David Adjaye (2003-2005).

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