Michel Macreau Work Sells for $87,400 to Deliver a 12% Annualized Return

Michel Macreau, The Target (1962) sold for $87,400 (EUR76,600), more than the low estimate at Bonhams Cornette de Saint Cyr in Paris on June 5.

The sale beat the previous auction result for this work by $82,400, equivalent to an annualized return of 12%. It last sold at auction in 2001 for $4,965 at Tajan.

Oil on canvas, 134.0 x 199.4cm. The work has been traded once in the past.