Monday, October 15, 2012

Eric Clapton sells Gerhard Richter painting for $34 million, sets ...

Handout / REUTERS

Gerhard Richter's "Abstraktes Bild (809-4)," from the collection of musician Eric Clapton.

By Rolling Stone

Eric Clapton sold an abstract painting by the German artist Gerhard Richter for ?21 million, or $34 million, at a Sotheby's auction in London on Friday, reports the BBC, helping to set a record for the highest-selling work by a living artist. The painting, entitled "Abstraktes Bild (809-4)," was initially?projected to fetch up to $19 million.

Eric Clapton to Auction Painting Worth Up to $19 Million

Clapton bought?"Abstraktes Bild (809-4)" in 2001 for $3.4 million.?It's one of a series of four paintings by Richter from the mid-1990s. Three were sold to Clapton in 2001, while the fourth is owned by the joint collection of the Tate and the National Galleries of Scotland.

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Richter -- whose work includes the?cover of Sonic Youth's 1988 LP "Daydream Nation"?-- ?has become one of the most coveted living artists, with one of his paintings selling for $21.8 million at a New York auction earlier this year.

Last year, Clapton sold?more than 70 of his instruments, amplifiers, and memorabilia?and?raised $2.15 million for the Crossroads Center, a drug and alcohol rehab facility in Antigua he co-founded in 1998.

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Source: http://todayentertainment.today.com/_news/2012/10/15/14448888-eric-clapton-sells-gerhard-richter-painting-for-34-million-sets-sales-record

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