Colourful Oil Painting Valued at €8m Ahead of Auction

A vibrant oil painting measuring 80 by 60 centimetres (31 by 24 inches) has been valued at around eight million euros as it heads to auction, with experts suggesting the final price could rise significantly once bidding begins.

The colourful work, painted on canvas, carries a reserve price of €8 million. Auctioneers believe its rarity, striking composition, and strong collector interest could see the hammer price soar well above the estimate.

While the auction house has yet to disclose the exact date and location of the sale, the painting is expected to attract global attention, with bidders from across Europe, Asia, and the United States showing early interest.

Specialists in the art market note that high-value pieces of this size rarely appear on the open market, adding to anticipation around the sale.

The painting has already been showcased privately to select collectors ahead of the auction.

The work is listed among the highlights of the upcoming catalogue, and industry watchers say the final price could reflect the continued appetite for top-tier artworks despite a volatile global economy.