Clapton Sells Richter
Sotheby’s announced yesterday that it is selling Gerhard Richter's Abstraktes Bild (809-4) during London’s Frieze Week. From the collection of guitarist Eric Clapton, the work is valued today at US$20 Million, almost 20 times what Clapton paid for it in 2001!
According to our Price Database, when the guitarist bought this painting, the average auction sale price of Richter’s work was US$461,910. In 2012, the artist’s lots average US$2.6 Million, an increase of 44% on 2011.
- 2 years ago,
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