Shozo Shimamoto's Bottle Crash (1991) sold for £269,000 ($331,139) in Christie's Asobi sale of Japanese and Korean post-war art.
The auction took place in London on October 11.
Bottle Crash was created using the artist's idiosyncratic technique of launching glass bottles filled with paint at a rock placed in the centre of the canvas.
As the artist explained: "I think the throwing of bottles as a method of painting is a form of study of the unknown.
"More than anything else, I find stimulation in the materialisation of an unpredictable expression."
Shimamoto was a founding member of Japan's avant garde Gutai group (founded in 1954), who sought to combine performance and fine art.
It was a key influence on the experimental Fluxus movement in the west during the 1960s.
Vigorous (1991), a canvas by another key Gutai group member named Kazuo Shiraga, achieved £221,000 ($272,051).
Like Shimamoto, Shiraga had an approach to painting that could only be described as innovative.
He would swing from a rope suspended from the ceiling of his studio, scraping the paint with his feet along the way.
This piece dates from the early 90s, when he was living as a Buddhist monk.
Another work by Shiraga is expected to make up to $3m in a sale at Phillips in November.
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