Ed Ruscha's 'Standard Station, Ten-Cent Western Being Torn in Half' (1964) is poised to potentially fetch over $50m at auction, breaking his record.
The painting is significant as it represents one of Ruscha's last remaining large-scale canvases from the 1960s still in private hands, highlighting its rarity.
Texas oil billionaire Sid Bass consigned the painting, which reflects a deep connection between his background and the gas station theme of Ruscha's work.
The art market is softening as Christie's prepares for the autumn New York auction season, making this painting a crucial centerpiece for the event.
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