Hannah Hoch Work Sells for $33,900 to Deliver a 10% Annualized Return

Hannah Hoch, Fliegen - fliegen (1955), sold for $33,900 (GBP25,400), more than three times the low estimate at Christie's in London on March 6.

The sale beat the previous auction result for this work by $32,700, equivalent to an annualized return of 10%. It last sold at auction in 1992 for $1,280 at Finarte.

Photomontage and paper collage on paper laid down on the artist's mount, 17.2 x 47.5 x 31.5cm. The work has been traded 3 times in the past.