Rene Magritte Work Sells for $1.86m But Delivers a 30% Negative Return

Rene Magritte Work Sells for $1.86m But Delivers a 30% Negative Return

3 min read  ·  05 Mar 2026

La grande marée. Image courtesy of Christie's

La grande marée. Image courtesy of Christie's

Rene Magritte, La grande marée (1946), sold for $1.86m (GBP1.39m), more than the low estimate at Christie's in London on March 5.

The sale was below the previous auction result by $807,800, realizing a 30% negative return. It last sold at auction in 2021 for $2.67m at Christie's.

Gouache on paper, 41.0 x 59.4cm. The work has been traded 5 times in the past.

Sale Date
Price
Price Increase
Venue
City
March 05, 2026
$1.86m
-30 %
Christie's
London
March 23, 2021
$2.67m
85 %
Christie's
London
November 12, 2015
$1.45m
693 %
Christie's
New York
June 29, 2000
$182,300
-
Christie's
London

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