Pieter Brueghel the Younger's Return from the Kermesse is valued at £2m-3m ($2.5m-3.7m) ahead of a sale of old master paintings at Sotheby's London on December 7.
Brueghel (1564-1637) was a Flemish painter and the eldest son of Pieter Brueghel the Elder.
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The Kermesse of the work's title is a Dutch religious festival that would typically involve plenty of feasting and frivolity.
Brueghel produced three variations on this theme.
His work is in high demand among collectors after a long period spent in the shadow of his father, meaning the present lot could easily surpass its estimate.
The younger Brueghel's record is £5.7m ($7.2m), set for a version of The Procession to Calvary in London in 2011.
A portrait of two boys by Titian and his studio is valued at £1m-1.5m ($1.2m-1.8m).
They're believed to be members of the Pisaro family, an important Venetian dynasty who were among the artist's most generous patrons.
Titian (1490-1576) is a towering figure in renaissance art, acclaimed for his extraordinary use of colour.
His record stand at $16.5m for a Madonna and Child.
Other highlights of the auction include pieces by Lorenzo Lotto, Francesco Albini and Jacob Savery the Elder.