Mai Trung Thu Work Sells for $123,600 But Delivers a 35% Negative Return

Mai Trung Thu Work Sells for $123,600 But Delivers a 35% Negative Return

3 min read  ·  29 Mar 2026

Deux fillettes. Image courtesy of Phillips

Deux fillettes. Image courtesy of Phillips

Mai Trung Thu, Deux fillettes (1978), sold for $123,600 (HKD967,500), more than the low estimate at Phillips in Hong Kong on March 29.

The sale was below the previous auction result by $69,000, realizing a 35% negative return. It last sold at auction in 2022 for $192,600 at Sotheby's.

Ink and gouache on silk, in artist's frame, 36.0 x 46.0cm. The work has been traded 4 times in the past.

Sale Date
Price
Price Increase
Venue
City
March 29, 2026
$123,600
-36 %
Phillips
Hong Kong
October 06, 2022
$192,600
111 %
Sotheby's
Hong Kong
December 12, 2020
$91,400
-
Est-Ouest Auctions
Tokyo

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