The black and white photo sees Madonna lying on a bed smoking, with her breasts exposed.

It was taken in 1990 and will go up for sale at New York auctioneers Bonhams on May 8.

She is sporting a blonde look, with the classic photo expected to sell for about £5,000.

Speaking about the photo, Bonhams' Judith Eurich said that she expected Madonna "superfans" to snap up the photo. She said:

"This is an absolutely stunning image and it is just a beautiful tone of grey. It is not just black and white it is grey and silvery. Madonna was posing for a number of photographers at the time this was taken in the 1990s when she was in her early 30s. She was going through a phase of having bleach blonde hair and heavy dark eye make-up that gave her a dramatic look - and of course she has a gorgeous body. She is a very healthy person and I'd imagine the cigarette is just a prop to make her look sexy and sultry. There are Madonna superfans and devotees across the world who would love to own it."