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Daimler May Make $16 Million From Auction of Koons Sculpture

Daimler AG, the world’s second-largest maker of luxury vehicles, is hoping to raise as much as $16 million from the November auction in New York of a Jeff Koons sculpture from its corporate art collection.

The chromium steel work, "Balloon Flower (Blue)," will be included in Christie’s International’s Nov. 10 contemporary-art sale, the London-based auction house said yesterday in an e-mail.