Claes Oldenburg Work Sells for $1.94m to Deliver a 7% Annualized Return
3 min read · 15 May 2025
Soft Switches. Image courtesy of Sotheby's
Claes Oldenburg, Soft Switches (1964) sold for $1.94m, more than one and a half times the low estimate at Sotheby's in New York on May 15.
The sale beat the previous auction result for this work by $1.58m, equivalent to an annualized return of 7%. It last sold at auction in 2003 for $360,000 at Phillips de Pury.
Vinyl filled with dacron and canvas, 116.2 x 117.5 x 39.4cm. The work has been traded 6 times in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
2025-05-15 | $1.94m | 439 % | Sotheby's | New York |
2003-05-15 | $360,000 | -31 % | Phillips de Pury | New York |
2001-05-14 | $520,000 | - | Phillips | New York |
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