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Andy Warhol Canvas Of Coke Bottle Sells For Over $35.36 Million

The piece, which is in black and white, was expected to go for a mere $25 million at Sotheby's big contemporary art auction. It was a successful night, with 54 works selling for a combined $220 million-plus, above the high estimates. There were "a pair of works by Gerhard Richter that fetched $13.23 million and $11.3 million, and Francis Bacon's 'Figure in Movement,' which sold for $14 million." The evening another sign of a recovering art market, following Monday's $63.4 million sale at the Philips of a Warhol tribute to Elizabeth Taylor. [Reuters]

Photo: Sotheby's