NEW YORK (AP) — A monumental 20th century masterpiece by German artist Gerhard Richter (GEHR'-hahrd RIHK'-tur) has sold for $37 million at a New York City auction.
Sotheby's says "Domplatz, Mailand" (DOHM'-plahtz MY'-lahnd) set a record for any living artist at auction. It was purchased Tuesday by a private American collector.
The 9-foot-by-9-foot oil was commissioned by Siemens Elettra (ZEE'-mehns eh-LEHT'-truh) in 1968 for its Milan offices.
It's considered an outstanding example of Richter's 1960s photo-painting technique. The work depicts a shopping center facing Milan's cathedral.
It was offered for sale by the Hyatt Hotels Corporation. Some of the proceeds will be used to acquire new art for its hotels.
From George and Sandra to Taylor and Ed, see more of Hollywood's platonic pairs.
Taylor Swift shares stunning photos of her time in New Zealand on Celebs Gone Social.
From Ariana Grande to Kylie Jenner, see some of Hollywood's newest romances on Wonderwall Replay hosted by Kirby Kristen.
Get all the pregnancy rumor scoop on Replay hosted by Wonderwall's Kirby Kristen.
From Elsa Pataky to Ginnifer Goodwin, see some of Hollywood's new baby bumps on Wonderwall Replay.
Rihanna, Nicki Minaj, Khloe Kardashian and more are spotted at Drake's concert in Los Angeles on today’s Celebs Gone Social.
© 2013 Microsoft