World News

Friday 11 July 2014

HOW MUCH WOULD YOU PAY FOR IT?

Mohammed abbas

Published 14/10/2012|05:00

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This is the abstract painting by German artist Gerhard Richter, which set a new record for the price paid at auction for the work of a living artist, after selling for $34.2m (€26.4m) in Sotheby's auction house in London.

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Abstraktes Bild (809-4), from the collection of rock guitarist Eric Clapton, was sold to an anonymous buyer after five minutes of bidding late on Friday, triggering a round of applause. The sale smashed the 2010 record of $28.6m (€22m) paid for Jasper Johns' Flag in New York.

Richter's oil on canvas had been estimated to fetch $14m-$19m.

Sunday Independent

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