Fernand Leger Work Sells for $8.12m to Deliver a 0% Annualized Return

Fernand Leger, Les trois personnages devant le jardin (1922) sold for $8.12m, more than the low estimate at Christie's in New York on May 12.

The sale beat the previous auction result for this work by $115,000, equivalent to an annualized return of 0%. It last sold at auction in 2006 for $8m at Christie's.

Oil on canvas, 65.0 x 92.0cm. The work has been traded 8 times in the past.