LONDON (AP) — A Gerhard Richter painting owned by Eric Clapton has sold for 21.3 million pounds ($34.2 million), handily beating pre-sale estimates and setting a new auction record for the German abstract artist.

Sotheby’s auction house says Richter’s “Abstraktes Bild” sold to an anonymous buyer Friday in London, ending a more than five-minute bidding competition between two telephone buyers.