(CNN) -
British guitarist Eric Clapton added a few million pounds to his fortune Friday, when a painting out of his private collection garnered a record sum at auction in London.
"Abstraktes Bild (809-4)" by German painter Gerhard Richter sold for more than $34 million, the highest price ever for work by a living artist, Sotheby's said.
The record sum ballooned the monetary value of the painting by over tenfold from its previous auction price in 2001, when it sold within a group of three paintings from the 809 series that together fetched a total of $3,415,750.
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