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Picasso work auctioned for record amount

5th May 2010

A painting by Pablo Picasso has broken the record for the most expensive art work sold at auction.

Nude, Green Leaves and Bust, which was painted in 1932, was bought yesterday (May 4th) by an unnamed buyer for USD 106.5 million (GBP 70.2 million), exceeding the USD 104.3 million which Alberto Giacometti's Walking Man I sold for in February.

The work was sold by Christie's auction house in New York and was the highlight of a collection owned by the late Los Angeles art patrons Frances and Sidney Brody.

Conor Jordan, head of the Impressionist department at Christie's, told AFP: 'The Brodys bought it in the 50s. It was only exhibited once in 1961. When we got into Brody's house in November it was quite an experience.'

Other works which were sold at the auction included Grande tete mince by Giacometti, which went for USD 53.3 million, Picasso's Femme au chat assise dans un fauteui, Nu au coussin bleu by Henri Matisse and Pierre-Auguste Renoir's Femme nue couchee, Gabrielle.

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