Chu Teh-chun Work Sells for $1.29m But Delivers a 53% Negative Return

Chu Teh-chun, No. 269 (1968) sold for $1.29m (HKD10.05m), more than the low estimate at Christie's in Hong Kong on March 28.

The sale was below the previous auction result by $1.48m, realizing a 53% negative return. It last sold at auction in 2018 for $2.78m at Sotheby's.

Oil On Canvas, 92.0 x 72.0cm. The work has been traded 4 times in the past.