The work, formally titled "Under the Wave off Kanagawa," sold on Tuesday for $2.76 million (about ¥360 million) during a live auction featuring Japanese and Korean art, according to Christie’s.

Japanese artist Katsushika Hokusai is most famous for his woodblock print, “Under the Wave off Kanagawa.” He also is regarded as the father of manga, the black-and-white predecessor of anime ...