Raistlin Majere - art by Larry Elmore - Dragonlance setting

I felt like there was so much to this character, but some of the details are muddled for me. I remember the hourglass eyes that cursed him to see the effect of time on everything, so that he would look at people and see them slowly decaying with every second that they aged, but I don't remember what he got in exchange for being cursed with those eyes. I also remember he wears the red robes of neutrality but don't remember if he was assigned them for failing certain trials regarding jealousy and greed or if that was something else.