Investors with a taste for fine painting will be able to buy a slice of a triptych by Francis Bacon when the piece goes on sale via an initial public offering in July.
“Three Studies for a Portrait of George Dyer,” a composition completed by the storied British artist in 1963, will be offered to investors at a valuation starting at around $55 million and a nominal value of the euro equivalent of $100 a share, according to Artex MTF AG. The Liechtenstein-based platform that’s aiming to establish itself as a marketplace for works of art said trading in shares of the triptych will start on July 21.