Edgar Degas Work Sells for $533,400 to Deliver a 3% Annualized Return

Edgar Degas, Arlequin (1885) sold for $533,400, more than one and a half times the low estimate at Christie's in New York on November 18.

The sale beat the previous auction result for this work by $439,100, equivalent to an annualized return of 3%. It last sold at auction in 1981 for $94,300 at Sotheby's.

Pastel on joined paper laid down on paper, 47.6 x 72.0cm. The work has been traded twice in the past.