Upcoming Auction Could Realize $10m: 'Contemporary Day Auction' at Sotheby's London

Andy Warhol Guns (1981) is the highest-value lot announced by Sotheby's in its 'Contemporary Day Auction' in London on October 17.

• Pre-sale low estimates total $10.43m (GBP7.74m).

Preview snapshot

• 98 works are for sale.
• Estimates total: $10.43m (low) and $14.76m (high), excluding premiums.
• 2 lots have undisclosed estimates.

The highest-value lot announced is: Andy Warhol, Guns (1981), which is estimated to sell for between $606,700 and $876,400. It has been traded twice in the past.

Guaranteed lots

6 works are backed by guarantees, including: Gerhard Richter, Abstraktes Bild (1992). It is estimated to sell for between $269,500 and $404,200. It has been traded 4 times in the past.

Withdrawn lots

Works are sometimes withdrawn from a sale, which will affect pre-sale estimates.

Terms and definitions

Estimates and totals are converted into US dollars.

Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.

All figures are accurate at time of publication.