Eric Clapton's Richter Sells for $34.2 Million
LONDON (AP) -- A Gerhard Richter painting owned by Eric Clapton has sold for 21.3 million pounds ($34.2 million), handily beating pre-sale estimates and setting a new auction record for the German abstract artist.
RELATED: Richest Stars Under 30
Sotheby's auction house says Richter's "Abstraktes Bild" sold to an anonymous buyer Friday in London, ending a more than five-minute bidding competition between two telephone buyers.
The 1994 abstract oil on canvas piece from guitarist Clapton's collection was expected to sell for between 9 million and 12 million pounds.
Friday's sale handily beat Richter's previous auction record of $21.9 million set in May in New York with the sale of his "Abstract Picture (7938-3)."
RELATED: Bing: Stars Who Went Broke
Bad Summer Looks
From Miley Cyrus to Nicki Minaj, see some of the worst summer fashion in Hollywood.Watch Video »
Tats for Love
From Heidi Klum and Seal to Ryan Sweeting and Kaley Cuoco, see which stars got tattoos for love.Watch Video »
Kim Kardashian, Kristin Davis, and Emma Stone all get an F on this week's Fashion Offenders.Watch Video »