The 44 lot strong auction is estimated to fetch between $201 million to $257 million (£137.65-176 million.) Cy Twombly, Francis Bacon and Christopher Wool represent the top lots, in that order, with Andy Warhol, Jean-Michel Basquiat, Marlene Dumas, Agnes MartinLouise BourgeoisSturtevant and Joan Mitchell also going under the hammer.

But critics are sceptical about the results of the sale, with this total estimate being below the May contemporary sale from the last 5 years at Sotheby's.

Cy Twombly's 1968 canvas Untitled (New York City) 1968 has been given an estimate around the $40 million mark (£27.4 million.) What Sotheby's is pitching makes this piece exciting for the market is that the work, which is from Twombly's ''blackboard'' series, is in blue, rather than the usual white. This is the first time the work has come to the market since it went into a private European collection straight from Twombly's studio in 1969.

Twombly's auction record was set in November 2015 at Sotheby's with a similiar work which sold for $70.5 million (£48.3 million.) See more realised prices for Cy Twombly here.

Twombly's Untitled (Bacchus 1st Version V) 2004 has been estimated to bring in over $20 million (£13.7 million) with the seller guaranteed a minimum price by either Sotheby's or by a third party.

Cy Twombly, Untitled (Bacchus 1st Version V) 2004 Image: Sotheby's New York. Cy Twombly, Untitled (Bacchus 1st Version V) 2004
Image: Sotheby's

Francis Bacon, Two Studies for a Self-Portrait (1970). Image: Sotheby's Francis Bacon, Two Studies for a Self-Portrait, 1970 Image: Sotheby's

Francis Bacon's Two Studies for a Self-Portrait, 1970, has been estimated to fetch $22 million to $30 million (£15-20.5 million.)

Christopher Wool, Untitled, 1990 Image: Sotheby's Christopher Wool, Untitled, 1990
Image: Sotheby's

Christopher Wool's 1990 piece Untitled, an enamel and acrylic works on aluminum, is estimated at $14 million to $18 million (£9.6-12.3 million.)

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