Part of “Abstract Painting” by Gerhard Richter, which is estimated to be worth $20 million Christie's/APEric Clapton may be known as Slowhand but he knows how to make a quick buck. The musician is set to sell a Gerhard Richter painting with an estimate of $20 million (£15.48 million), meaning that he will have made nearly $72 million from three of the German artist’s paintings, which he bought in a job lot for $3.4 million in 2001. He sold the other two works in 2012 and 2013 for a combined $55.2 million. “It’s an amazing return in 15 years,” Francis Outred, chairman of Christie’s, said. Clapton, the renowned guitarist with the Yardbirds and Cream before…

Source: The Times October 02, 2016 22:52 UTC