David Hockney Work Sells for $828,000 to Deliver a 1% Annualized Return

David Hockney, A Painted Landscape (or Red and Blue Landscape) (1965) sold for $828,000, less than the low estimate at Sotheby's in New York on November 21.

The sale beat the previous auction result for this work by $230,300, equivalent to an annualized return of 1%. It last sold at auction in 2007 for $597,700 at Christie's.

Acrylic On Canvas, 152.1 x 150.8cm. The work has been traded 4 times in the past.