Edouard Manet's self-portrait to fetch #30 million at auction

London, May 11 (ANI): A self-portrait by Edouard Manet, the father of Impressionism, may raise as much as 30 million pounds at an auction.

Self-Portrait With A Palette is one of the two existing works that Manet had painted of himself. The other is at the Bridgestone Museum of Art in Tokyo.

The masterpiece, currently owned by edge fund billionaire Steven A Cohen, shows Manet in a tailored jacket.

Its previous owners include collector Auguste Pellerin in the early 1900s and Wall Street figure John Loeb, reports the Telegraph.

Charles Moffett, Sotheby's executive vice president, described the painting as "not only the greatest Manet portrait in private hands, but also one of the very greatest self-portraits in the entire canon of art history".

Also, Melanie Clore, co-chairman of Sotheby's Impressionist and Modern Art Department worldwide, added: "At a time when there is such enormous demand for museum-quality paintings by the Impressionist masters, it is exciting to be able to bring this extremely rare painting to auction."

The portrait will be auctioned at Sotheby's Impressionist and Modern Art sale in London on June 22. (ANI)