Jonas Wood Work Sells for $65,700 to Deliver a 3% Annualized Return

Jonas Wood, Cactus in a Pot (2009) sold for $65,700 (GBP48,300), more than the low estimate at Sotheby's in London on June 25.

The sale beat the previous auction result for this work by $17,100, equivalent to an annualized return of 3%. It last sold at auction in 2017 for $48,600 at Sotheby's.

Coloured pencil on paper, 104.1 x 91.4cm. The work has been traded twice in the past.