Untitled Cy Twombly work valued in excess of $60m

A 1968 untitled work by Cy Twombly could break his record at auction.

The lot is to cross the block at Sotheby's New York on November 11 with a valuation in excess of $60m.

Cy Twombly NY
The work forms part of Cy Twombly's Blackboard series

It was produced in New York as part of Twombly's iconic Blackboard series.

Anthony Grant, vice-chairman of Sotheby's in the Americas, comments: "The date, scale, and distinguished provenance of Untitled, 1968 [New York City] place it as one of the most important examples of Cy Twombly's celebrated 'Blackboard' series remaining in private hands.

"It is always a pleasure to welcome spectacular works of art back to Sotheby's - we last offered the painting in 1990 as part of the Saatchi Collection.

"The brilliance of the artist's gestural genius is on full display as the written form dissolves into a nuanced grey background."

Twombly's auction record stands at $69.6m, set for another work from the artist's Blackboard series at Christie's in 2014.

Recent years have seen a significant advancement in his price point. Prior to that, in 2013, his record stood at $21.7m.

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