Sotheby’s has announced that it will be selling Jasper Johns’s "Flag" (1983) during the November 11 Contemporary Art Evening Auction in New York. This particular example of "Flag," which is relatively small at approximately 11 x 17 inches and done in encaustic on silk and collaged onto canvas, carries a price estimate of  $15 million to $20 million. (or about $1 million a square inch.) Before the sale, it will go on something of a grand tour, being showcased to collectors in Los Angeles, Hong Kong and London.

In 2010, Christie’s sold a larger version of a Johns flags, nearly 17 x 26 inches, which was also painted much early, circa 1960-1966, for a record price of $28.6 million.