Auguste Herbin Work Sells for $352,400 to Deliver a 6% Annualized Return

Auguste Herbin, Métairie à Nogarède (1913) sold for $352,400 (EUR315,000), more than twice the low estimate at Christie's in Paris on April 10.

The sale beat the previous auction result for this work by $340,500, equivalent to an annualized return of 6%. It last sold at auction in 1972 for $11,900 at Loudmer.

Oil on canvas, 60.0 x 73.0cm. The work has been traded 4 times in the past.