Saatchi sells off kitchen sink

These shoes weren't made for walking

The advertising executive, Charles Saatchi, is auctioning some of his art collection on Tuesday to raise money for the development of young British artists.

The works going under the hammer at Christie's in London include important pieces by the so-called Britpack generation - such as Damien Hirst's arrangement of pickled bits of cow.

In all 130 works of modern art - a fraction of Charles Saatchi's vast and extraordinary collection - is being sold off.

One of the 130 pieces on sale

The former king of advertising will use the proceeds to fund bursaries for up and coming artists.

The works chosen for auction represent a cross section of established and emerging artists and prices will start from as little as £1,000.

In Tuesday's sale, Rachel Whiteread's plaster sculpture of the underside of a domestic sink - one of her best-known works - carries an estimate of £50,000.

Proceeds from the sale will help new artists

Other artists whose pieces will go under the hammer include American photographer Cindy Sherman, while the German avant-garde is represented by Thomas Shutte's aluminium robotic figures Grosse Geister and Thomas Grunfeld's Misfits, which was created with the help of a professional taxidermist.

All the works come from London's Saatchi Gallery, which has become a leading showcase of contemporary art since its opening in 1985.