LONDON.- An important and large painting Looking Towards Mornington Crescent Station (1972 -74) by the highly acclaimed artist Frank Auerbach will be sold by Bonhams in the 20th Century British Art auction at New Bond Street on November 17th 2010. The painting, which has never appeared at auction before and hasn’t been since in public since the late 1970s, is estimated to sell for £800,000 - £1,200,000.
In June Bonhams achieved the highest ever price at auction for a small painting by Auerbach (Head of E.O.W. III for £860,000) and is now looking forward to offering this dynamic oil in November, along with a group of sketches by the same artist from the same collection.
Considered one of Britain’s greatest living artists, Auerbach has been based in North London for his entire career, spanning over fifty years. His studio which he’s worked in since 1954 is five minutes walk from Mornington Crescent station.
During the last seven years just one oil painting of Mornington Crescent from this period has been offered at auction but the date of this work means that this picture is of particular interest. Furthermore, the painting has had only one previous owner who bought the work in the 1970s.