Allah Bux Work Sells for $118,700 to Deliver a 20% Annualized Return

Allah Bux, Untitled (Potato Harvest) (1968), sold for $118,700 (HKD928,800), more than twice the low estimate at Phillips in Hong Kong on March 29.

The sale beat the previous auction result for this work by $96,200, equivalent to an annualized return of 20%. It last sold at auction in 2017 for $22,500 at Bonhams.

Oil on canvas, 87.0 x 138.0cm. The work has been traded 4 times in the past.