Work by Elizabeth Peyton from 1996 shows ‘quiet tension’ between Noel and Liam at their Oasis peak, expert says

“Where you gonna swim with the riches that you found?” Oasis asked in All Around the World. Maybe in the art market, buying a portrait of Noel and Liam Gallagher at the height of their fame for a possible £2m.

Sotheby’s has announced that a 1996 painting of the brothers by Elizabeth Peyton is to be part of its June contemporary art auction in London.

It was based on a photograph of the brothers taken by Stefan De Batselier in 1995, the year Noel is said to have hit his brother with a cricket bat.

You could feel the “quiet tension” between them in Peyton’s portrait, said Antonia Gardner, a specialist at Sotheby’s. “It feels so prescient, knowing now how it all ended up.”