Max Pechstein Work Sells for $101,800 to Deliver a 3% Annualized Return
3 min read · 06 Mar 2026
Tree on Water. Image courtesy of Christie's
Max Pechstein, Tree on Water (1935), sold for $101,800 (GBP76,200), more than three times the low estimate at Christie's in London on March 6.
The sale beat the previous auction result for this work by $71,800, equivalent to an annualized return of 3%. It last sold at auction in 1990 for $30,000 at Christie's.
Gouache and pencil on paper, 59.7 x 73.3cm. The work has been traded 4 times in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
March 06, 2026 | $101,800 | 239 % | Christie's | London |
May 16, 1990 | $30,000 | - | Christie's | New York |
Get the HENI News Daily Art Digest delivered to your inbox