Gerhard Richter's Abstraktes Bild 776-1 (Abstract Painting), a work from 1992, has sold for £1.9m ($3.1m) at Phillips in London.
The piece led the contemporary art evening sale on February 10.
Richter painted the work with the use of a squeegee, a technique he developed in the 1980s that creates alternating, pearlescent bands of colour.
His auction record was set when his Domplatz, Mailand made $37.1m at Sotheby's New York in 2013.
You can read Wikicollecting's rundown of the 10 most valuable Gerhard Richter paintings sold at auction here.
An untitled work by Christopher Wool was another highlight, achieving £1.3m ($2.5m).
It dates to 2005 and was created with the use of a spray gun filled with paint, a technique that creates a rich and heavily textured surface.
Wool's most desirable works are his "word" paintings, which date to the 1980s. They feature large statements in stencil, drawing inspiration from the world of street art.
Apocalypse Now (1988) holds his auction record, achieving $26.4m at Christie's New York last year.
We have a selection of art and photography memorabilia available to purchase, including this signed original sketch by Damien Hirst.
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