A 1932 painting by Pablo Picasso sold Tuesday night in New York for $106.5 million, a new world record auction price for a work of art, the Christie's auction house announced. <table class="ae_noborder" cellspacing="0" cellpadding="2" width="200" align="left" border="0"> <tbody> <tr> <td><img alt="" src="/imagedata/2010/may/picasso.jpg" border="0" />u00a0</td></tr> <tr> <td>Pablo Picassou00a0u00a0</td></tr></tbody></table>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. Garcon a la Pipe, another work by Picasso, had previously sold for $104.1m in 2004.

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

Picasso painting sold for record $106.5 million

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Picasso painting sold for record $106.5 million

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