A self-portrait by Kate Moss drawn in her own red lipstick, inspired by her former boyfriend Pete Doherty, has sold for £33,600.

Painted in 2005-2006, the self-portrait failed to sell at the Lyon And Turnbull auction in London, but an anonymous buyer bought it after the event on Saturday (September 27).
The painting had an estimated sale price of between £30,000 and £40,000. It is not signed, but it does bear an inscription by Doherty that reads "Who needs blood when you've got lipstick?"

A self-portrait by Doherty failed to sell at the auction. "Look what they have done to the boy", which is signed in blood, was estimated to sell for £8,000 to £10,000.

It's possible the collapse of Lehman Brothers - a major sponsor of the arts - affected consumer confidence and influenced the failure of the auction. Lehman Brothers owns a substantial corporate art collection, via its profitable asset management unit Neuberger Berman. Several private equity firms have expressed interest in buying Neuberger along with its art collection.

Meanwhile, Sotheby's made a disappointing $8.5 million against an estimate of $11 million to $16 million through its final sale of contemporary Asian art in New York last month.