Joan Miro Work Sells for $390,300 to Deliver a 1% Annualized Return

Joan Miro, Sobreteixim-Sack 2 (1973), sold for $390,300 (GBP292,100), more than the low estimate at Christie's in London on March 6.

The sale beat the previous auction result for this work by $72,900, equivalent to an annualized return of 1%. It last sold at auction in 2011 for $317,400 at Dorotheum.

Acrylic and wool on fabric sack, 190.0 x 70.0cm. The work has been traded 6 times in the past.