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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

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.