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Lily Safra Donates Gerhard Richter Painting to Israel Museum

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Jan. 15 (Bloomberg) -- Lily Safra, widow of Brazilian banker Edmond Safra, has donated Gerhard Richter’s painting “Abstraktes Bild 849-3 (1997)” to the Israel Museum, the Jerusalem-based institution said today in an e-mailed statement.

The Richter painting was purchased for $20.8 million at a Sotheby’s auction in November.

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To contact the reporter on this story: Calev Ben-David in Jerusalem at cbendavid@bloomberg.net

To contact the editor responsible for this story: Alisa Odenheimer at aodenheimer@bloomberg.net