The auction is being held in partnership with The Andy Warhol Foundation for the Visual Arts.
The works can be previewed online before the sale.
Bidders can browse, bid and receive instant updates by email or phone if another bid exceeds theirs.
The first live auction raised $17 million for the Warhol Foundation's endowment.
Warhol is famous for his silk screened images of celebrities such as Marilyn Monroe and detailed renderings of Campbell's Soup cans.
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Online: www.christies.com/warhol
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