An original print of Sebastiao Salgado's Churchgate Station, Bombay, India is valued at $30,000-50,000 ahead of Sotheby's Contemporary Living auction in New York on July 22.
The iconic image shows a vast crowd exiting the station in 1995 and originates from the artist's Migrations series.
Salgado is one of the world's most acclaimed living photographers.
His work regularly achieves significant sums at auction, with a print titled the Eastern Part of the Brooks Range selling for $97,500 at Phillips earlier this year.
Irving Penn's Gerbera Daisy is likely to prove another highlight, with a valuation of $25,000-30,000.
A hugely influential fashion photographer, Penn began his career working at Saks Fifth Avenue before starting work for Vogue in 1943.
He was among the first photographers to introduce modernism into fashion.
The sale will offer furniture, sculpture and paintings alongside photographs.
Sotheby's comments: "Consisting of approximately 250 objects from the 20th & 21st Centuries, this event ignites a compelling dialogue between a diverse group of works from each discipline.
"Estimates range from $300 to $300,000 and include works by artists and designers such as Diane Arbus, Helmut Newton, David Hockney, Andy Warhol, Ellsworth Kelly, Mies van der Rohe and George Nakashima."
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