A Pablo Picasso painting fetched $106.5 million at auction Tuesday, a record for any single work of art, Christie's New York announced.
The bidding for the painting – “Nude, Green Leaves and Bust” – lasted nine minutes. Eight clients competed for the painting and it was eventually sold to an unidentified telephone bidder, Christie’s said.
The previous record was an Alberto Giacometti sculpture that sold for $104.3 in February. It, too, was bought by an anonymous bidder. The auction occurred at Sotheby’s in London.