Eric Clapton Sells Abstract Painting For A Record $34 Million
Rock star Eric Clapton sells an abstract painting by German artist Gerhard Richter for £21.3m – a new record amount for a living artist.
A high gloss was applied to the results of last week’s contemporary art auctions in London when a luxuriant abstract painting by Gerhard Richter established a new record for a living artist, selling at Sotheby’s for £21.3 million. Rock star Eric Clapton, who bought it for one tenth of the price in 2001, timed the sale well. In the past four years, Richter’s decorative abstract paintings, of which there are hundreds, have become status symbols among the world’s super rich – Roman Abramovich and Lily Safra, who gave hers to the Israel Museum in Jerusalem, being among the top buyers at auction.