Warhol’s Liz Taylor Face May Fetch $11.6 Million at Christie’s

An Andy Warhol painting of Elizabeth Taylor estimated at as much as 8 million pounds ($11.6 million) is among several high-value lots entered in a London auction as dealers see renewed confidence in the contemporary-art market.

Christie’s International said it expected its 63-lot sale of contemporary works on June 30 to raise at least 40.6 million pounds. The equivalent event last year, containing 40 lots, carried a low estimate of 17.4 million pounds.