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Gagosian Buys Warhol Portrait in $99 Million Auction

A rediscovered Andy Warhol self portrait that hadn’t been seen in public for more than 30 years last night helped a London sale raise the highest total in the U.K. capital since June 2008.

Christie’s International made 61.4 million pounds ($99 million) with fees as the auction market for contemporary art continued its rehabilitation process. Dealer Larry Gagosian, bidding in the room, paid 10.8 million pounds for the crimson acrylic and silkscreen Warhol portrait, dating from 1967.