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November 16, 2016

New York Times: Christie’s Auction Results That WOW

The yellow, green and red painting — “Abstraktes Bild (809-2),” from three seven-foot-high 1994 abstracts that Mr. Clapton had bought at Sotheby’s in 2001 for $3.4 million — sold to the Richard Gray Gallery of Chicago and New York for $22.1 million with fees, having been estimated at $18 million to $25 million.

“The whole world has been asking itself, ‘How is the art market going to do?’” the New York dealer Robert Mnuchin said. “It was a very respectable sale.”