.

Eric Clapton Fetches $34 Million for Gerhard Richter Painting

Auction sets record for highest-selling work by a living artist

October 13, 2012 1:45 PM ET
Eric Clapton
Kevin Mazur/WireImage

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. 

100 Greatest Guitarists: Eric Clapton

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.

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.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

prev
Music Main Next

blog comments powered by Disqus
Around the Web
Powered By ZergNet
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.

X

We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“Long Walk Home”

Bruce Springsteen | 2007

When the subject of this mournful song returns home, he hardly recognizes his town. Springsteen told Rolling Stone the alienation the man feels is a metaphor for life in a politically altered post-9/11 America. “Who would have ever thought we’d live in a country without habeas corpus?” he said. “That’s Orwellian. That’s what political hysteria is about and how effective it is. I felt it in myself. You get frightened for your family, for your home. And you realize how countries can move way off course, very far from democratic ideals.”

More Song Stories entries »
 
www.expandtheroom.com