A major highlight of the Philips November evening sale of 20th-century and contemporary art that will take place in the Hamptons—along with auction houses Sotheby’s and Christie’s as well as art galleries Hauser & Wirth and Pace and Skarstedt—is Jean-Michel Basquiat’s 1982 painting Portrait of A-One A.K.A King, which is expected to fetch $10 million to $15 million USD.

The six-by-six foot painting serves as a tribute to the legendary New York graffiti artist A-One, who was also a close friend of Basquiat, and is an example of the artist’s “mark-making,” Robert Manley, co-head of 20th-century and contemporary art and global chairman at Phillips, told ARTnews.

Phillips’ inaugural show at the new two-story, 6,000-square-foot space in Southampton, New York, redesigned by studio MDA, will feature 70 works by Pablo Picasso, Ruth Asawa, Joan Miró, Nicolas Party, Robert Rauschenberg, among many others, giving the public a hint of what will be included in the auction house’s upcoming sales. The evening sale is scheduled for November 11 to 12.