Richter painting sale sets record for living artist

LONDON, Oct 15:

An abstract painting by German artist Gerhard Richter has a set a new record for the price paid at auction for the work of a living artist, after selling for 34.2 million dollar, Sotheby’s auction house in London said. “Abstraktes Bild (809-4)”, from the collection of rock guitarist Eric Clapton, was sold to anonymous buyer after five minutes of bidding late on Friday, triggering a round of applause.