Eric Clapton selling Richter’s Abstraktes Bild

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2015-06-26 10:56:41

Eric Clapton selling Richter’s Abstraktes Bild

Famed rocker Eric Clapton has consigned a Gerhard Richter painting to Sotheby’s October 12th auction.

It has been valued at £9-12 million, almost 20 times what Clapton originally paid for it, when he purchased this and two other canvases for a total of $3.4 million in November 2001.

The painting is Abstraktes Bild (809-4), one of four in the series created by Richter in the mid 1990s. Clapton owns two of the others, and the last is owned by the Tate Gallery. The work is red, dark blue and yellow.

The technique Richter uses for his abstracts is to build up cumulative layers of primary colours, then blurs and scrapes to veil and expose prior layers. He also uses a squeegee to rub and scrape the paint rather than a brush.

Richter is one of the world’s most sought after living painters, and his abstracts are particularly popular. His current record stands at $21.8 million for Abstraktes Bild (798-3), sold at Christie’s in May 2012.

A year ago, Richter himself termed the art market ‘daft’, ‘absurd’ and ‘impossible to understand’.

Eric Clapton studied at the Kingston College of Art, but was dismissed as his focus remained too strongly on music. This interest now finds outlet through an impressive contemporary art collection. It remains to be seen whether the provenance of Clapton will add anything to the value of the Richter painting, or an additional interest for collectors.

 

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