Izumi Kato Work Sells for $324,000 But Delivers a 28% Negative Return

Izumi Kato, Untitled (2008) sold for $324,000 (HKD2.52m), more than two and a half times the low estimate at Christie's in Hong Kong on March 28.

The sale was below the previous auction result by $129,200, realizing a 28% negative return. It last sold at auction in 2021 for $453,200 at Sotheby's.

Oil On Canvas. The work has been traded 7 times in the past.