Auction house Bonhams has announced an exclusive sale of some of the most famous artworks by renowned artists like Picasso, Modigliani, Chagall, Marini, Lebasque and Nadal.

Titled Impressionist & Modern Art, the auction is expected to attract bidders from across the globe and will feature enigmatic portraits and creations by the artists.

We were thrilled with the success of our previous sale which sold 98% by lot and 99% by value and look forward to offering another excellent selection of works by some of the most pre-eminent artists of the 20th century, says Deborah Allan of Bonhams Impressionist and Modern Art Department.

A highlight of the auction is a masterpiece by Italian artist Amedeo Modigliani called Jeune fille aux cheveux noirs. Estimated at £700,000-1,000,000, the art piece is regarded as one of the finest creations by Modigliani who is known for his enigmatic portraits of women with their elongated features and deep gazes.

Personnages by Picasso is another exciting offer that reflects early example of his work and is estimated at £25,000-35,000.

Running till Feb. 7, the sale will also include two Cavello e cavaliere works by Marino Marini (1901-1980). Both are executed in pen, black ink and gouache on paper, and depict the horse and rider, an iconic theme which dominated the artist's work.

With the auction, Bonhams is reportedly working towards creating new art world records at par with the current year. The house has announced that the year 2011 has been record-breaking for all Bonhams salesrooms across the world.

From a £2.1 million lost masterpiece by Dutch artist Adriaen Coorte to the £4.07 million painting by Vasili Polenov, the auction house has set new milestone for the company with their 2011 art world records.