Oct. 11 - Sotheby's holds its annual Frieze Week Exhibition in London. Alicia Powell reports.
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Sotheby's auction house in London is previewing valuable pieces of art to come under the hammer in their worldwide salerooms this season.
The estimated value of the entire exhibition is a third of a billion pounds or 478 million U.S. dollars.
The display comes at the start of 'Frieze week' which attracts the attention of collectors worldwide.
One item of particular interest is Andy Warhol's "Silver Car Crash (Double Disaster)", estimated to reach $60 million at an upcoming New York auction.
Tobias Meyer, Head of Contemporary Art at Sotheby's explained why this piece is so valuable.
SOUNDBITE: Tobias Meyer, Head of Contemporary Art at Sotheby's, saying (English):
"It's a completely unique event in the art market. These large disaster paintings are mostly held in museums. There are two more single panel ones in private hands but no double panel ones and that's why this is such an event."
Works by Pablo Picasso and Alberto Giacometti are also on show with estimates of up to $50 million.
There are more than 500 works on display at the Sotheby's Frieze Week Exhibition which runs from October 12 - 17th.
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