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.
Check out Kim Kardashian's worst fashion moments as a mom.
Jessica Simpson, Kourtney Kardashian, Beyonce, Gisele and Kendra Wilkinson post Easter Sunday pics on Celebs Gone Social.
See what the cast of "Sabrina the Teenage Witch" is up to today.
Lindsay Lohan, David Beckham, Justin Bieber and 50 Cent show off their globe-trotting travels on Celebs Gone Social.
From Lena Dunham to Kristen Stewart, see the most awkward red carpet posers.
Victoria Beckham, Rosie Huntington-Whiteley and Melissa Joan Hart toast their birthdays on today's Celebs Gone Social hosted by Wonderwall editor Chris Gardner.
© 2014 Microsoft