Wassily Kandinsky, the Russian-born painter famous for his vibrant colors and early abstract techniques, is set to break records at Christie's this November. His 1909 painting "Study for Impression 8" was recently announced as the "first star lot" of the auction house's upcoming Impressionist and Modern Art sale, boasting an estimated price tag of $20-$30 million, according to Reuters.

"Study for Impression 8" is being sold by the Volkart Foundation, the charitable trust of 160-year-old Swiss commodities trading firm Volkart Brothers. After having spent time on loan to numerous art museums like London's Tate Modern and Musée des Beaux-Arts in Montréal, it's now poised to become Kandinsky's most expensive masterpiece, beating out his "Study for Improvisation 3," which sold for a whopping $16.9 million at Christie's in 2006, and the reigning auction record holder "Fugue," which went for $20.9 million at Sotheby's in 1990.