According to reports, the price for the Andy Warhol artwork far exceeded Sotheby's expectations. Sotheby's thought the Coke painting would go for $25 million. The sale on Tuesday took place at a successful Sotheby's contemporary and post-war art auction that sold more than 50 items, resulting in proceeds of about $222.4 million. That exceeded expectations of $214 million. -- Written by Andrea Tse in New York. >To contact the writer of this article, click here: Andrea Tse. >To follow the writer on Twitter, go to Andrea Tse. >To submit a news tip, send an email to: firstname.lastname@example.org.
NEW YORK ( TheStreet) -- A black-and-white Andy Warhol canvas image of a glass Coke bottle sold for $35.36 million at a Sotheby's auction on Tuesday.