DALLAS, TX.- Following the success of Heritage Auction's first evening sale of Modern and Contemporary Art last season in New York, the Dallas-based auction house has announced it is moving its spring offering of Modern and Contemporary Art to New York. The May 2 event is presents important artworks by American and European, Modern, Post War and Contemporary artists including an iconic 1922 watercolor by Wassily Kandinsky (est. $400,000-$600,000).

"New York welcomed Heritage with open arms and last season's $7.3 million Modern & Contemporary auction set a record," said Frank Hettig, Director of Modern & Contemporary Art at Heritage. "We are answering our clients' call to return this spring and our selection is ready to impress bidders once again."

The auction will offer Modern painting and sculpture, including a large selection of European masterpieces such as Le peintre à la palette, 1983, by Marc Chagall (est. $200,000-$300,000) and Composition, 1925, by Fernand Léger (est. $150,000 - $250,000).

Two important works by Spanish surrealist Salvador Dalí from the late 1950s – a period Andy Warhol credited as the dawn of Dalí's influence on pop art – include Portrait, 1958, and View of Toledo, 1957 (both est. $70,000-$90,000 each).

Heritage Auctions has scheduled its spring Modern and Contemporary Prints and Multiples Auction for May 24 in Dallas. The sale will include several unique works by Andy Warhol and Self-Portrait, 2000, by Chuck Close (est. $60,000-$80,000).