Keith Haring Work Sells for $1.8m to Deliver a 6% Annualized Return

Keith Haring, Untitled (1982), sold for $1.8m (HKD14.08m), more than the low estimate at Sotheby's in Hong Kong on March 29.

The sale beat the previous auction result for this work by $1.22m, equivalent to an annualized return of 6%. It last sold at auction in 2007 for $580,000 at Christie's.

Baked enamel on metal, 109.3 x 109.3cm. The work has been traded twice in the past.