Rock legend Eric Clapton is set to bank as much as $19 million after putting an abstract painting by German artist Gerhard Richter up for sale.
The singer and avid art collector is offloading a piece called "Abstraktes Bild (809-4)," and auction house bosses at Sotheby's in London expect the work to fetch between $14 million and $19 million.
Bing: Clapton sells guitar
If bids meet the estimated price tag on Oct. 12, Clapton will make a significant profit: He bought the painting, one of a series of four, in 2001 for $3.4 million.
Clapton still owns two other Richter pieces from the series, while a fourth painting was snapped up by executives at the Tate and the National Galleries of Scotland as part of a joint purchase.
Anyone read the book "Eric Clapton"? Try it, true story and tells it like it is. I have always liked Eric but this Book has left me with a great deal of respect for him with all he has gone through both good and bad. Much of the bad by his own doing but you must read the book to understand the man.
Great read !
I wish I could find one of those art treasures at a garage sale or Goodwill like other stories I've read lately. It would be a heck of a lot more fun than keeping tabs on millions changing hands.