Richard Pousette-Dart Work Sells for $381,000 to Deliver a 9% Annualized Return
3 min read · 16 May 2025
Red Presence 3. Image courtesy of Sotheby's
Richard Pousette-Dart, Red Presence 3 (1972) sold for $381,000, more than one and a half times the low estimate at Sotheby's in New York on May 16.
The sale beat the previous auction result for this work by $321,000, equivalent to an annualized return of 9%. It last sold at auction in 2005 for $60,000 at Sotheby's.
Acrylic on canvas, 188.0 x 188.0cm. The work has been traded 3 times in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
2025-05-16 | $381,000 | 535 % | Sotheby's | New York |
2005-05-11 | $60,000 | - | Sotheby's | New York |
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