Picasso sets new art auction record
The oil painting, Nu au Plateau de Sculpteur (Nude, Green Leaves and Bust), has Marie-Therese Walter, the artist's mistress in reclining and also in a bust. Picasso included his own profile in the blue background.
The winning bid came by telephone from an anonymous buyer. The price had been estimated at $70 million to $90 million before the sale and bidding began at $58 million.
The auction price topped the record set in February of $104.3 million for a Giacometti sculpture. That work, titled Walking Man I, sold in London at Sotheby's auction house.