Liu Ye Work Sells for $52,200 to Deliver a 0% Annualized Return

Liu Ye, Christian Anderson (after Albert Küchler) 安徒生（隨庫徹原作） (2003) sold for $52,200 (HKD406,400), more than the low estimate at Sotheby's in Hong Kong on March 30.

The sale beat the previous auction result for this work by $221, equivalent to an annualized return of 0%. It last sold at auction in 2020 for $52,000 at Sotheby's.

Watercolour On Paper, 67.0 x 100.0cm. The work has been traded 4 times in the past.