The document discusses Gerhard Richter's abstract painting (712) that was auctioned at Sotheby's in 2012 for $17.4 million USD and was later estimated to sell for $22-28 million USD at Christie's in 2014. It was expected that the painting's value would rise over 26% in the 18 months between auctions. Charts also show details on the global art market value and volume, population of ultra-high net worth individuals, price of gold over 10 years, and major world events from 2011 including the Arab Spring uprisings and global financial crises.