Gerhard Richter's painting Abstraktes Bild 849-3, completed in 1997 was sold at Sotheby's in November of 2011 for $20.8 million dollars. It was originally thought that the French Billionaire Bernard Arnault had bought the painting for the $200 million dollar museum he's planning on building in Paris. Apparently though, it was not and the Richter is heading to Israel and not to France.
Lily Safra, the widow of the banker Edmond J. Safra bought it and promptly donated it to the Israel Museum. Safra is no stranger to splashing out or as the kids say it, making it rain over art. In 2010, she bought Alberto Giacometti's bronze statue Walking Man I for a reported $104.3 million dollars.
In unrelated news we have just purchased a canvas, some oil paint, a squeegee and a spam email account aimed at Lily Safra and her incredibly deep purse. We shall be working on our work for the next forty-two minutes and then sending the spam mail featuring pictures of it to her in clandestine ways. Wish us luck!!
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