Picasso's "Nude, Green Leaves and Bust" sold for more than $106 million at Christie's on Tuesday, setting a record for art sold at auction.
The Picasso, a 1932 work not seen publicly in 50 years, was purchased by an anonymous buyer from a world-class collection assembled by the late Los Angeles art patrons Frances and Sidney Brody.
The vibrant, large-scale depiction of Picasso's mistress and frequent subject, Marie-Therese Walter, was the top priced work at Christie's sale of Impressionist and modern art.
A record was also set for Georges Braque when "La Treille" sold for $10,162,500, or more than twice the pre-sale estimate.