Remedios Varo Work Sells for $2M to Deliver a 12% Annualized Return
3 min read · 19 Nov 2024
Los caminos tortuosos. Image courtesy of Sotheby's
Remedios Varo, Los caminos tortuosos (1958) sold for $2.04m, more than one and a half times the low estimate at Sotheby's in New York on November 18.
The sale beat the previous auction result for this work by $1.88m, equivalent to an annualized return of 12%. It last sold at auction in 2003 for $160,000 at Sotheby's.
Gouache, Brush And Ink And Charcoal On Card, 47.0 x 27.9cm. The work has been traded 4 times in the past.
