David Bowie's Art Auction Vastly Surpasses Expectations

(Radio.com) The first day of the auction of art owned by late music legend David Bowie late last week took in $30.7 million, more than doubling the pre-sale estimates, according to the BBC.

The 47 pieces from Bowie's collection that were sold at Sotheby's in London on Thursday had been valued at between ?8.1 million ($10.2 million) and ?11.7 million ($14.8 million).

Bowie's family has kept artworks that are "of particular significance" but is selling the rest of his collection. The proceeds, after any fees and taxes are deducted, will go back to his estate.

The most expensive work sold was Jean-Michel Basquiat's Air Power, which went for ?7.1 million ($8.98 million). Read more here.

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Copyright Radio.com/CBS Local - Excerpted here with permission.

David Bowie's Art Auction Vastly Surpasses Expectations

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