This is a piece called “Untitled II” (ink and oil on telephone book pages) by painter Franz Kline (1910-1962).
Kline studied art in Boston and London before moving to New York where he became involved in the Abstract Expressionist Movement (late 1940s and 1950s). Kline was a regular at the Cedar Tavern where he drank with beat poets like Jack Kerouac and many fellow Abstract Expressionists. Click on the image to see additional work by Kline.
Sources:David Anfam, Oxford University Press posted on MoMA “The Collection”
Guggenheim Collection Online http://www.guggenheim.org/new-york/collections/collection-online/artists/bios/812