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Fugitive Billionaire Lau Selling $26 Million Hockney

Hockney’s “The Splash”
Hockney’s “The Splash”Source: Sotheby’s
Updated on

Hong Kong billionaire Joseph Lau will be the seller of one of the most expensive artworks at the year’s first major auction, according to a person familiar with the matter.

David Hockney’s “The Splash” will be offered anonymously at Sotheby’s contemporary art sale in London on Feb. 11. The 1966 canvas is estimated at 20 million pounds ($26.1 million) to 30 million pounds. The work last came to the market in 2006, when it fetched 2.9 million pounds at Sotheby’s. The current owner acquired the work at that sale, according to the provenance listed by Sotheby’s.