Jasper Johns, Flag, est. $15/20 million, encaustic on silk flag on canvas, 11 5/8 x 17 1/2 in. 29.5 x 44.4 cm. Photo: Sotheby's. Jasper Johns, Flag, est. $15/20 million, encaustic on silk flag on canvas, 11 5/8 x 17 1/2 in. 29.5 x 44.4 cm. Photo: Sotheby's.

Auction houses have begun to release highlights in their November sales, perhaps trumping Christie's announcement of Roy LIihtenstein, Andy Warhol, Bruce Nauman and Claes Oldenburg earlier this week Sotheby's will present one of the most recognizable works of American art, Jasper John's Flag from 1983.

This late example was acquired from the artist in the year it was made has remained in the same private collection since and is estimated to sell between $15 to $20 million. The Flags are executed in encaustic, a process where pigment is mixed with hot wax, and meticulously applied in a laborious process. Sotheby's is sending this particular Flag on a world tour,  it is currently on view at Sotheby's Los Angeles galleries before being exhibited in Hong Kong, London, and New York.

The present example of the Flag has been on loan most recently at the Philadelphia Museum of Art (from 2007 to 2014) and before that the Museum of Art, Rhode Island School of Design (2002-2007) and Yale University Art Gallery (1999-2002). A keynote in twentieth century art history John's Flags are in the collections of many of the most distinguished American institutions including the Museum Of Modern Art, New York, The Metropolitan Museum, Whitney Museum of American Art, Kunstmuseum Basel, Museum Ludwig in Cologne, and the Museum Moderner Kunst Stiftung Ludwig in Vienna.

See more Jasper Johns on Barnebys here.

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