The event will feature lots ranging from a diverse collection of art works from the 19th century onwards, to a selection of historical prints and books.
Among the photographic works on sale are two prints from French-American journalist and fashion photographer William Klein.
A 1958 gelatin silver photograph entitled "Smoke and Veil, Paris", which was made famous in Vogue magazine, will come up for auction with an estimate of £3,500- 5,800 ($6,000-10,000).
Other highlights include oil paintings from contemporary Australian artist Anna Wallace. Her 1998 oil on canvas piece "What Lonely Hours" is expected to fetch £5,800 - 8,700 ($10,000-15,000) on the auction block.
Elsewhere, award winning Australian artist William Robinson's "Study for Creation Landscape" is from 1988, a year after he had first won the Archibald prize for his work in portraiture.
This pastel created piece is set to fetch £5,800 - 8,700 ($10,000-15,000) at Sunday's auction. Elsewhere, the expected top lots in the sale include the artist John Olsen.
His focus on Australian landscapes has proven popular with collectors and his 1968 oil on paper work "Kangaroo Country" carries an estimate of £7,000 - 10,000 ($12,000-18,000).
Similarly, Ray Crooke, is also expected to impress at the auction.
Known for his serene depictions of pacific islanders in portrait as well as his landscape art of the region, Crooke borrows heavily from 19th century post impressionist Eugene Gauguin and has proved popular with Australian art lovers.
A 1974 oil on canvas, entitled "Fijian Vatulele", is expected to fetch between £7,000 - 10,000 ($12,000-18,000) at the sale.
With 309 different pieces up for sale, the auction will also feature a large number of woodcuts and bookplates from the late printmaker and water colourist Lionel Lindsay.
The inaugural event, promises to be one to remember for fans of Australian art and its history.
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