Adriana Varejao Work Sells for $814,000 But Delivers a 16% Negative Return

Adriana Varejao, Parede com Incisão à la Fontana 3 (Wall with Incision à la Fontana 3) (2002), sold for $814,000 (GBP614,400), more than one and a half times the low estimate at Sotheby's in London on June 24.

The sale was below the previous auction result by $166,500, realizing a 16% negative return. It last sold at auction in 2018 for $980,500 at Christie's.

Oil on canvas and polyurethane on aluminium and wood, 260.1 x 195.3cm. The work has been traded 3 times in the past.