Hockney, 86, painted “California,” showing two naked figures in an outdoor swimming pool, in 1965 after his first trip to Los Angeles and it has been held in a private collection since 1968.
In 2018, Hockney’s 1972 piece “Portrait of an Artist (Pool with Two Figures)” sold for $90.3 million, setting a then record for the highest price ever paid at auction for a work by a living artist.
“There is a lot of crossover between the two works but also we’ve seen since that world record price in 2018 a real broadening of the market for David Hockney,” Lord said.
“We have sold works from the Paul Allen estate over the past few years, which in particular shone a light on his later practice, his landscapes and what we’re coming to feel is a real international recognition amongst collectors of Hockney’s contribution to 20th and 21st century art, and a real drive to seek out the best examples of his practice.”
“California” will go on a touring exhibition to Paris and New York next month before returning to London to go on public view before the sale.