Matthew Wong Work Sells for $384,000 to Deliver a 4% Annualized Return

Matthew Wong, Ruins (2016), sold for $384,000, less than the low estimate at Sotheby's in New York on May 15.

The sale beat the previous auction result for this work by $75,500, equivalent to an annualized return of 4%. It last sold at auction in 2021 for $308,500 at Phillips.

Acrylic on canvas, 61.0 x 50.8cm. The work has been traded 3 times in the past.