An international auction is set to open on Saturday in a building on the outskirts of Hong Kong that has hosted art auctions for decades.
The winning bidder will be the owner of the artwork, or its consignor, but the buyer is not certain.
If the winning bidder is the same person or company as the original owner, the auctioneer says, the winning bid will be accepted.
The auction, which will be held in a gallery at the International Centre for the Arts in Hong Kong, has been held since 1983.
The venue, formerly the Hong Kong Art Gallery, was shut down in 1997 after the end of World War II, but its location remains unchanged.
Hong Kong has no legal right to auction works that were created by foreigners.
The artist in question, who goes by the name of Tsai Ming-kuo, is a former art dealer who started selling artworks when she was a teenager.
Her first works were sold in Hongkong.
After moving to the mainland, she eventually moved to China.
In 2014, she purchased the artwork of a famous Hong Kong painter, Wu Ping-yee, for $1m.
She has also sold works by artist and author Robert Smith.
The auction will be a limited-edition, two-night event.
The winning bidder has yet to be revealed, but he or she will have to wait to purchase the artwork until the auction closes.
“If it’s a good bid, I’ll be very happy,” Tsai said of the offer.
“I’m really happy for the winning party.
But I’ll do my best to take care of it.”
Tsai says the painting, which was purchased by the winning bidders, will be put on display in the gallery.
“It’s the best part of my life.
It’s a piece of my heritage.
I’ve been working for this for over 30 years,” she said.
“But I’ll get back to it.”© Getty Images Tsai’s painting is one of five that are on display at the auction, along with works by painter and writer Robert Smith, who was born in HongKong.