Henri Matisse Work Sells for $34.56m to Deliver a 6% Annualized Return

Henri Matisse, Robe noire et robe violette (1938), sold for $34.56m, more than the low estimate at Christie's in New York on May 18.

The sale beat the previous auction result for this work by $28.76m, equivalent to an annualized return of 6%. It last sold at auction in 1995 for $5.8m at Christie's.

Oil on canvas, 72.8 x 60.1cm. The work has been traded 5 times in the past.