Subscribe Now

travelers today

Home » News

Clapton Sells Painting: Eric Clapton Sells Gerard Richter, Abstraktes Bild, for Over $34 million

Travelers Today       By    Lena Vazifdar

Updated: Oct 16, 2012 10:54 AM EDT

Text Size: A A A

A Gerard Richter painting purchased by Eric Clapton for  £2million ($3,218,998.99) has sold in auction for more than £21million.

The Daily Mail reports that Clapton, 67, bought the painting in 2001 and it was auctioned at Sotheby's in London. The sum it was sold as is the highest a painting has ever sold by a living artist.

The final winning bid was at a whopping £21,321,250 ($34,322,042.83), The Daily Mail reports.

The oil painting called, Abstraktes Bild was made in 1994 and is an abstract creation covered in shades of reds, blues, yellows and greens. The BBC reported that Sotheby's called Abstraktes Bild a "paradigm of Gerhard Richter's mature artistic and philosophical achievement".

Before the sale, The Telegraph reported Alex Branczik, Sotheby's senior director of contemporary art said: "Abstraktes Bild is one of the great abstract masterpieces by Gerhard Richter, and its appearance on the market presents collectors with the unique opportunity to acquire an outstanding work by one of the greatest living painters."

The Independent said that the artwork was estimated at £9 million ($14,487,209.07) to £12 million ($19,316,278.76) pounds. The buyer of the artwork, was Natasha Mendelsohn of Sotheby's, who was  acting for a client via telephone. She outbid her co-worker Tobias Meyer who is the worldwide head of comtemporary art who was also working for a client.

The Daily Mail reported that the sale broke a previous record for highest price sold by a living artist which was a Jasper Johns painting that sold for £17.8million in 2010.

Clapton purchased three Richter paintings in 2001 at Sotheby's. Richter, 80, lives in Cologne, Germany and is well known for his abstract art. The Independent said about Richter that he  "has become the world's most bankable living artist, dealers said. His highly decorative abstractions, often painted with a squeegee, have become particularly sought-after by wealthy international collectors and set seven of the 10 highest prices paid for the artist at auction."

© 2016 Traverlers Today, All rights reserved. Do not reproduce without permission.
Join Our Conversation

Travel Tips

General Atmosphere At The 2014 Toronto International Film Festival

Doors Open Toronto 2016: 5 Unforgettable Places To Visit

The 17th Doors Open Toronto will be happening this weekend. This event will give residents the chance to gain opportunities to visit over 130 buildings all over the city.

Piggy Bank Savings

Top 10 Most Expensive Cities To Visit In 2016

Visiting these countries would require you to shatter many piggy banks.

Steamboat Natchez

New Orleans Offers 7 Great Activities For Families: Find Out Here

There is no shortage of activities in the wonderful city of New Orleans.

Caribbean

Island Hopping In The Caribbean: How To Get The Best Tours

Island trips to the Carribbean should not be too hard even for those who were just doing it for the first time. In other words, even if travellers are scared of going on unfamiliar trips for the first time, they can still go on these trips, thanks to helpful resources such as guides and maps.

Phewa lake in 1982

7 Cheapest World Destinations For An Affordable and Relaxing Vacation

Every traveler wants to spend less while going to different places. With that, Price of Travel ranks world cities every year based on how affordable they are as a reference for budget travelers. With that, we have here the 7 cheapest travel destination for 2016 that will give you extra money to get a side trip to other places you dream of visiting!

Subscribe to our newsletter

Receive the latest travel news, reviews, and more..

Want more Travel?

Most Popular

Children TV

Time Travel And Other TV Trends To Expect This 2016

The three trends that are seen in TV this year which includes time travel, blast from the past and adaptations.

Airport

TSA Security Head Fired Over Long Lines In The Airport?

Kelly Hoggan, the agency's assistant administrator for security operations, has been removed from his position, according to an internal memo by TSA Administrator Peter Neffenger obtained by NBC News.

Swimming pool

US: 1 in 8 Swimming Pools Closed for Health Violations, According To Health Violations

One in eight swimming pools in most populated states were allegedly been shut down due to inspection of filthy and suspected existing harmful water around, as announced by health authorities in the United States on Thursday.

travelers today

© 2016 IQADNET LLC All rights reserved.

Subscribe to our newsletter
Real Time Analytics