Francis Picabia Work Sells for $40,100 to Deliver a 0% Annualized Return

Francis Picabia, Paysage d'hiver, Moret (1904) sold for $40,100 (EUR35,600), more than the low estimate at Sotheby's, Online on April 11.

The sale beat the previous auction result for this work by $2,624, equivalent to an annualized return of 0%. It last sold at auction in 2005 for $37,500 at Sotheby's.

Oil on canvas, 54.5 x 65.0cm. The work has been traded 6 times in the past.