Friday, September 14, 2012
Eric Clapton, the legendary rock legend star, placed an abstract painting for auction and might be able to sell it for $19 million. The painting that he placed for auction is called "Abstraktes Bild (809-4)." While Clapton hopes to sell the painting for about $19 million, he could receive as little as $14 million. Regardless of what they sell the painting for, Clapton stands to make a profit because he purchased the painting for $3.4 million in 2001.
See Eric Clapton Putting Abstract Painting Up For Auction, MSN, Sept. 13, 2012.
Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.