Giovanni Giacometti Work Sells for $468,700 to Deliver a 2% Annualized Return

Giovanni Giacometti, Annetta and Alberto (1904), sold for $468,700 (CHF380,000), more than the low estimate at Koller Auktionen in Zurich on June 26.

The sale beat the previous auction result for this work by $196,300, equivalent to an annualized return of 2%. It last sold at auction in 2005 for $272,400 at Christie's.

Oil on canvas., 50.0 x 53.0cm. The work has been traded 3 times in the past.