Billionaire money manager Steven A. Cohen is selling a 1958 Franz Kline painting valued at as much as $30 million during the semi-annual auctions of postwar and contemporary art in New York next month, according to two people familiar with the matter.

Christie’s said it will offer Kline’s Abstract Expressionist painting “King Oliver” at its evening sale on Nov. 12, with an estimate of $25 million to $30 million. Cohen, 58, is the seller, said the people, who asked not to be named because the information is private.