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Warhol Sells, Koons Painting Sets Record in $68.2 Million Sale

Works by Andy Warhol and Jeff Koons boosted a 45.6 million pound ($68.2 million) sale in London last night, settling nerves in the market for contemporary art as almost half the successful bids were above presale estimates.

The total, including fees, at Christie’s International’s 52-lot sale was achieved against a low estimate of 40.9 million pounds ($61.2 million), based on hammer prices. Eighty-four percent of the works found buyers, who were encouraged by higher-quality art offered at competitive prices, dealers said.