Amedeo Modigliani Work Sells for $6.97m to Deliver a 7% Annualized Return

Amedeo Modigliani, Minoutcha (1916), sold for $6.97m (EUR6.21m), more than the low estimate at Christie's in Paris on October 22.

The sale beat the previous auction result for this work by $6.76m, equivalent to an annualized return of 7%. It last sold at auction in 1979 for $210,000 at Sotheby's.

Oil on canvas, 56.3 x 33.2cm. The work has been traded 15 times in the past.