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Last Updated: Friday, 16 December 2005, 13:24 GMT
Freud portrait could sell for 4m
Man In A String Chair
A portrait of bookmaker Victor Chandler by artist Lucian Freud is expected to fetch up to 4m at auction.

Freud, famed for lengthy sittings for his subjects, painted Man In A String Chair between 1988 and 1989.

Mr Chandler is chairman of one of the world's biggest bookmakers and also is a long-standing friend of the artist.

The portrait goes on sale at Christie's in London on 8 February. The current record for a Freud work is 4,152,000 for Red Haired Man On A Chair in 2005.

Mr Chandler and the artist met in 1979 and they discovered that they shared a love of horse racing.

A Christie's spokesman said: "Man In A String Chair succeeds both as a frank and perceptive portrait and as a timeless representation of our modern age."

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