A Gerhard Richter painting owned by Eric Clapton sold for a record 21.3 million pounds at Sotheby's London, or $34.2 million, more than 30 times what Clapton paid for it in 2001.
The 1994 Gerhard Richter "Abstraktes Bild (809-4)” was sold by Sotheby’s London for its “Frieze Week” auction of contemporary artworks with an estimate of 9 - 12 million pounds.
The buyer was Natasha Mendelsohn of Sotheby’s, acting for a Client on the telephone. She was underbid by her colleague Tobias Meyer, Sotheby’s worldwide head of contemporary art, also taking instructions for a Client.
Outrageously, the sold Gerhard Richter panel was originally sold at Sotheby's in 2001 as a triptych, this being one of the panels. Apparently Mr. Clapton has kept the two remaining panels!
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