The full set of four screenprint portraits of Queen Elizabeth II by American Pop artist Andy Warhol is the showstopper at Menzies’ inaugural Prints & Multiples auction, which launches online Thursday. With a price tag of $800,000 to $1 million, the quartet, Queen Elizabeth II, could set a record for a Warhol print at auction in Australia. In April, a single image from this set sold at Christie’s Prints & Multiples online for £275,000 ($513,115), which Christie’s described as “a record for a screenprint with this subject matter by the artist at auction”. Quite a qualification, but you get the picture.

The repeated image of the Queen derives from an official 1977 Jubilee photograph by Peter Grugeon, which Warhol transformed into one of his trademark colour-saturated celebrity portraits, this one with bold, blocky backgrounds. The Queen is rendered luminously garish, just as Marilyn Monroe, Elizabeth Taylor, Elvis Presley and other famous personalities were by the eccentric Pittsburgh-born artist.