Gustav Klimt’s Bauerngarten (1907) is expected to make around £45m ($56.3m) when it crosses the block at Sotheby’s on March 1.
The piece is one of the largest and most significant works by Klimt ever to appear on the market.
It will be among the highlights of an impressionist and modern art evening sale in London.
Klimt's Bauerngarten was painted in the Austria's Salzkammergut region
Bauerngarten dates to Klimt’s Golden Phase (from around 1904-1910).
This was when he produced some of his most celebrated masterpieces, including The Kiss (1907-1908) and Portrait of Adele Bloch-Bauer I (1907).
It was painted in Austria’s Salzkammergut region, where Klimt would regularly spend the summer painting transcendent landscapes.
Helena Newman, co-head of Sotheby’s impressionist and modern art department, explained to the Guardian newspaper: “Most of the artist’s oil paintings of this calibre are in major museums around the world with only a handful of works of this importance having appeared at auction in the last decade.”
The piece last sold at auction for £3.7m ($5.8m) at Christie’s in 1994.
It has been in the same collection ever since.
The demand for Klimt's work is enormous. Last year, Oprah Winfrey sold Portrait of Adele Bloch-Bauer II to a buyer for $150m.
That's almost double the $87.9m she for the work in 2006.
The sale also features Picasso’s Plant de Tomates (1944), which is expected to sell for around £10m-15m ($12.5m-18.7m).
The work was one of a number of tomato plants Picasso painted during the closing months of world war two.
The plant was chosen as a symbol of human resilience.
You can take a look at all our art and photography memorabilia for sale here.
Please sign up to our free newsletter to receive exciting news about art and photography auctions.
