3 min read · 19 Nov 2024
Georges' Flag. Image courtesy of Sotheby's
Ed Ruscha, Georges' Flag (1999) sold for $13.65m, more than one and a half times the low estimate at Sotheby's in New York on November 20.
The sale beat the previous auction result for this work by $12.25m, equivalent to an annualized return of 12%. It last sold at auction in 2005 for $1.4m at Christie's.
Oil On Canvas, 96.5 x 328.0cm. The work has been traded 3 times in the past.