Last month, an Andy Warhol portrait of Mao Zedong from late actor Dennis Hopper's collection sold for $302,500.

While that seemed like a lot of money at the time, it's NOTHING compared to what art dealer Larry Gagosian paid for a Warhol self portrait at Christie's on Wednesday.

Gagosian dropped 10.8 million pounds, or $17 million, on a "crimson acrylic and silkscreen Warhol portrait, dating from 1967," which hadn't been publicly shown in over 30 years!

Overall, the Christie’s International auction made 61.4 million pounds ($99 million), strongly contributing to the Art Boom currently taking place in London.

Who is your favorite artist? How much would U spend for their work?

[Image via WENN.]

Tags: andy warhol, Anglophilia, Art, art boom, Celebrity Gossip, Celebs, christies international auction, Dennis Hopper, larry gagosian, london, mao zedong, Perez Hilton, self portrait, Wacky, Tacky & True

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