Karel Appel Work Sells for $93,900 But Delivers a 29% Negative Return

Karel Appel Work Sells for $93,900 But Delivers a 29% Negative Return

3 min read  ·  17 Oct 2025

Two Times. Image courtesy of Sotheby's

Two Times. Image courtesy of Sotheby's

Karel Appel, Two Times (1974) sold for $93,900 (GBP69,800), more than twice the low estimate at Sotheby's in London on October 17.

The sale was below the previous auction result by $39,100, realizing a 29% negative return. It last sold at auction in 2007 for $133,000 at Sotheby's.

Oil on canvas, 126.8 x 101.3cm. The work has been traded 3 times in the past.

Sale Date
Price
Price Increase
Venue
City
October 17, 2025
$93,900
-29 %
Sotheby's
London
November 15, 2007
$133,000
-
Sotheby's
New York

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