«GOOD BUSINESS IS THE BEST ART»

He has made a fortune selling more than 50 million records but the musician Eric Clapton also appears to have a finely honed skill in playing the art market.

An abstract painting by Gerhard Richter, which Clapton bought for £2 million, has sold for more than £21 million ($33 million).

The picture, described as representing "calculated chaos", sold on Friday night for double its estimate to set a record at auction for the German artist.

Clapton, 67, bought the work, entitled Abstraktes Bild (809-4), in New York in 2001 for £2.1 million.

-Sydney Morning Herald
 oct 14 2012