A painting by prominent Danish artist Vilhelm Hammershøi, estimated to fetch between £1.5 million and £2 million, is set to go up for auction at Sotheby's in London on March 4. The auction house has confirmed the details on its website, and the valuation translates to approximately 12.75 million to 17 million Danish kroner. This significant event highlights the ongoing interest in Hammershøi's work and the investment potential associated with it in the contemporary art market.

The piece to be auctioned is notable for its depiction of the reflection of a balcony in Villa Spurveskjul in Virum, a house with a rich history of hosting famous Danes. Painted in 1911, the artwork is emblematic of Hammershøi's style, which often features simple yet striking compositions, focusing on interiors or solitary figures in quiet contemplation. Hammershøi lived from 1864 to 1916 and is celebrated for his ability to evoke mood and atmosphere through minimalist subjects.

This auction not only underlines the legacy of Hammershøi as an influential figure in art history but also reflects the growing global market for Danish art and the increasing appreciation for Scandinavian artists. Collectors and art enthusiasts will be keenly watching this auction, as it may set a precedent for the valuation of similar works in the future and offers a glimpse into the market dynamics of high-value artworks.