Eric Clapton-owned Richter painting to sell in NYC

Eric Clapton-owned Richter painting to sell in NYC

Eric Clapton-owned Richter painting to sell in NYC

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by Associated Press

Associated Press

Posted on September 28, 2013 at 7:06 AM

Updated Sunday, Sep 29 at 3:04 AM

NEW YORK (AP) — An oil painting by German abstract artist Gerhard Richter (GEHR'-hahrd RIHK'-tur) from Eric Clapton's collection is heading for a New York City auction.

Christie's auction house says "Abstraktes Bild" is estimated to sell for $20 million to $25 million on Nov. 12. It says the English guitarist and songwriter bought the painting at auction in 2001.

The large oil painting was executed in 1994. It has a rich palette of red, purple, violet and yellow evocative of a fall landscape.

Richter's "Domplatz, Mailand" (DOHM'-plahtz MY'-lahnd) set a record for any living artist at auction in May when it sold at Sotheby's for $37 million.

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