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Updated: May 5, 2010 10:22 IST

Picasso painting fetches record $106m at auction

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In this photo released by the Picasso Administration in Paris,
In this photo released by the Picasso Administration in Paris, "Maya and the Doll", a 1938 oil on canvass by artist Pablo Picasso is seen. File photo: AP.

A 1932 painting by Pablo Picasso sold on Tuesday night in New York for 106.5 million dollars, a new world record auction price for a work of art, Christie’s announced.

The 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 auction price topped the record set in February of 104.3 million dollars for a Giacometti sculpture. That work, titled Walking Man I, sold in London at Sotheby’s auction house.

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