10 November 2010 Last updated at 05:56 ET

Andy Warhol piece sells for $35m

Andy Warhol's painting of a Coke bottle sells for over $35m.

An Andy Warhol canvas of a black-and-white Coke bottle has sold for $35.36m (£22.11m) at an auction in New York.

Sotheby's said Coca-Cola [4] (Large Coca-Cola) "is a landmark in the artist's creation of his pop art style".

The artwork surpassed its original estimate of $25m (£15m).

On Monday, Warhol's Men in Her Life, a multi-image depiction of actress Elizabeth Taylor, sold for $63.4m (£39.6m) at a Phillips auction.

The Sotheby's auction saw 54 works go under the hammer and total sales amounted to $222.4 million (£139 million).

Other highlights included a pair of works by Gerhard Richter that fetched $13.23 million (£8.27 million) and $11.3 million (£7 million).

Francis Bacon's Figure in Movement went for $14 million (£8.7 million).