Pablo Picasso Work Sells for $86,700 But Delivers a 45% Negative Return

Pablo Picasso Work Sells for $86,700 But Delivers a 45% Negative Return

3 min read  ·  04 Jul 2025

Deux personnages. Image courtesy of Sotheby's

Deux personnages. Image courtesy of Sotheby's

Pablo Picasso, Deux personnages (1900) sold for $86,700 (GBP63,500), more than the low estimate at Sotheby's in London on July 3.

The sale was below the previous auction result by $72,200, realizing a 45% negative return. It last sold at auction in 2009 for $158,800 at Sotheby's.

Crayon, charcoal and pencil on paper, 20.7 x 13.0cm. The work has been traded 7 times in the past.

Sale Date
Price
Price Increase
Venue
City
2025-07-03
$86,700
-45 %
Sotheby's
London
2009-06-25
$158,800
80 %
Sotheby's
London
1999-05-13
$88,000
144 %
Christie's
New York
1984-05-16
$36,000
-
Sotheby's
New York

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