Hirst art sale sets £111m record

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Sotheby's said the previous record set in 1993 for 88 works by Picasso had stood at 20 million US dollars.

Hirst, 43, who is criticised by some for using an army of assistants to help him create his work, has called the auction a "mini retrospective" and "probably the most amazing show I've put on".

He is selling more than 220 new works directly through the auction, saving millions by cutting out dealers' commission.

He said: "I think the market is bigger than anyone knows.

"I love art and this proves I'm not alone and the future looks great for everyone."

The auction saw a foal in formaldehyde inside a steel and glass tank entitled The Dream sold for £2.3million with a butterfly work of art called Reincarnated, selling for £1.6million, well in excess of an upper estimate of £700,000.

The Golden Calf sold for £10.3million, the highest price ever paid for a Hirst at auction.

The Kingdom, a tiger shark in formaldehyde - went for more than £9.5million, far higher than the auction house's estimate for between £4million and £6million.

But The Incredible Journey - a zebra in a tank - amazingly just scraped half its lowest estimate of £2 million, selling for just over £1.1 million.