A PAINTING by Scottish Colourist Samuel Peploe, which was once bought for just £500, is expected to fetch up to £500,000 when it goes under the hammer.
Still Life With Roses In A Blue And White Vase was painted in the early 1920s at the height of Peploe's career, and has resurfaced after remaining with the same family for nearly 50 years.
It will be sold at Christie's Modern British Art evening sale in London on November 20 and is estimated to sell for between £300,000 and £500,000.
The painting was bought for £500 in 1965 by an eagle-eyed Scottish collector, Major Herbert Dunsmuir, scion of the Dunsmuir & Jackson engineering business, which ran the Govan Engine Works on the Clyde. The artwork has stayed with the Dunsmuir family ever since.
Andre Zlattinger, head of modern British and Irish art at Christie's, said: "Peploe is one of the major artists of the 20th century and recognised internationally. We have already had interest about this painting so it should do well."
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