Pablo Picasso Work Sells for $2.4m to Deliver a 6% Annualized Return

Pablo Picasso, Le miroir 鏡子 (1947) sold for $2.4m (HKD18.68m), more than the low estimate at Sotheby's in Hong Kong on March 29.

The sale beat the previous auction result for this work by $784,000, equivalent to an annualized return of 6%. It last sold at auction in 2019 for $1.62m at Christie's.

Oil And Sand On Canvas, 61.0 x 50.2cm. The work has been traded 6 times in the past.