Accessibility links

Breaking News

Picasso, Giacometti Works Smash Records at Auction

A man pauses to look at Pablo Picasso's "Les femmes d'Alger (Version 'O')" (Women of Algiers), estimated at $140 million, at a media preview for Christie's May 11 impressionist, modern and contemporary art sale in the Manhattan borough of New York, May 1,

Two 20th century masterpieces smashed world records at a New York art auction Monday, dubbed by collectors as "the sale of the century."

Pablo Picasso's "The Woman of Algiers -- Version O" sold for more than $179 million at Christie's Auction House -- the highest price ever paid for a single painting.

The Spanish master created the work as part of a series of paintings created in 1954 and 1955.

The name of the telephone buyer was not disclosed.

Another buyer paid $141 million for Swiss artist Alberto Giacometti's "Pointing Man" -- smashing the record for a piece of sculpture.

Another Giacometti pointing man sculpture held the previous record.

Thirty-four pieces of rare art were sold at Monday's auction, bringing in $706 million.

Experts say interest in modern art and Impressionism is soaring among private investors.