Morris Louis Work Sells for $584,200 to Deliver a 7% Annualized Return
3 min read · 16 May 2025
Slow Place. Image courtesy of Sotheby's
Morris Louis, Slow Place (1962) sold for $584,200, more than one and a half times the low estimate at Sotheby's in New York on May 16.
The sale beat the previous auction result for this work by $509,200, equivalent to an annualized return of 7%. It last sold at auction in 1997 for $75,000 at Christie's.
Magna on canvas, 205.7 x 39.4cm. The work has been traded 6 times in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
2025-05-16 | $584,200 | 679 % | Sotheby's | New York |
1997-05-08 | $75,000 | - | Christie's | New York |
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