Warhol, Hirst to Boost $76 Million Test of Art Market

Works by Andy Warhol and Damien Hirst will lead contemporary-art sales in London next month that may raise at least 49 million pounds ($76 million) and test a fragile market recovery, dealers said.

Increased volumes have boosted estimates at Christie’s International, Sotheby’s and Phillips de Pury & Co. auctions during London’s “Frieze Week” to about double the level of last year. The market is struggling to regain momentum after buyers shunned overpriced lots in the summer.