Laura Owens Work Sells for $155,200 to Deliver a 9% Annualized Return

Laura Owens, Untitled (1999), sold for $155,200 (GBP116,100), more than the low estimate at Phillips in London on March 7.

The sale beat the previous auction result for this work by $102,700, equivalent to an annualized return of 9%. It last sold at auction in 2013 for $52,500 at Christie's.

Oil and acrylic on canvas, 121.2 x 121.0cm. The work has been traded 4 times in the past.