Edvard Munch Work Sells for $771,400 But Delivers a 22% Negative Return

Edvard Munch, Two Women on the Shore (Frauen am Meeresufer) (1898), sold for $771,400 (GBP576,500), more than the low estimate at Bonhams in London on October 27.

The sale was below the previous auction result by $224,400, realizing a 22% negative return. It last sold at auction in 2013 for $995,800 at Sotheby's.

Woodcut printed in green, light and dark blue, yellow, red, sandy pink and black, on japan paper, backed onto another sheet, with margins, 45.5 x 51.0cm. The work has not been traded before.