Jordaens, from Belgium, sells on 24 August 2016 a "Mixed technique composotion, monogrammed E. L." without an estimate.
"Mixed technique" or "Mixed media" is a curse, it gives the impression of being an original (painted) but is in reality a print. Auction houses would be nicer if they made these things a bit clearer.
"E.L." is clearly El Lissitzky, one of the most important of the Russian suprematicists.second only to Malevich. This work is unusually colourful and detailed for him. The reason may be that it isn't a work by El Lissitzky, but a work by Malevich turned upside down (with a few colours changed) and given a fake monogram.
Usually the fakers are either a bit more laborious, really creating a new work using some poorly understood and copied elements of the originals, or they are even more lazy, simply taking a print of a real work and adding a fake signature (and normally a "EA" épreuve d'artiste marking, which should be rarer than a number but is harder to check for unicity). This one is a first for me.
Value is what you would give for a Malevich poster in a frame (the frame looks a lot older than the image which is brand new).
UPDATE: Jordaens have now changed the description to include the information that it is based on a Malevich reproduction. Great!
UPDATE 2: images of the monogram on the work for sale, and some original El Lissitzky monograms, to make it obvious that it was intended to look like a work by him (no matter how poorly done to anyone studying his work for even a short while). This was an attempted El Lissitzky fake, no more, no less.


