Auction Day One a big success...

In the first day of a two day auction at Sotheby's in London, Damien Hirst has already outdone himself. Not only does his little experiment - bypassing the gallery system and going straight to auction with new work - seem a huge success, but he has managed to exceed the already high estimate of $112 million by securing $127.2 million. All this success is achieved in spite of world stock markets reeling from a really bad day yesterday. The auction closes this afternoon, but where will it all stop???

Read the Times coverage of the auction.
See Time Magazine's Photo Essay

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