Christe's of London is set to auction Claude Monet's "Waterloo Bridge, Effect de Brume," which shows the landmark London bridge at dawn as fog lifts, Bloomberg reports. The "poetic masterpiece," as the auction house calls it, is expected to sell for $30.3 million on June 28.

The painting, dated 1904 and in the same U.S. family for seven decades, was last seen at auction in 1939. It has been in the private collection since 1951.

Monet painted a total of 44 paintings of the Thames River bridge at various times of the day and weather conditions between 1899 and 1904.

Twenty-six of Money's Waterloo series are in museums. The rest, privately held, are unlikely to "change hands anytime soon," says Keith Gill, head of impressionist and modern art at Christie's London, adding it is heartwarming for the auction house to welcome the painting's "homecoming."

"It's great to have such an iconic London view in London for auction, and it will be a real highlight of the season," Gill says.

Gill notes that the painting depicts an "amazing, strong burst of sunlight.

"It is absolutely incredible in the flesh," he continues. "You see Monet's mastery of light, that sunshine reflected under the bridge and on the surface of the water, so it's quite a poetic work."

Christie's clients are currently demonstrating keen interest in investing in art "against the uncertain economic times in relation to interest rates and inflation and the stock market," he says.