Pablo Picasso's vibrant, multi-hued painting set a world record for artwork at auction, selling for $179.4 million on Monday night, and a sculpture by Alberto Giacometti set a record for most expensive sculpture, at $141.3 million.
Picasso's "Women of Algiers (Version O)" and Giacometti's life-size "Pointing Man" were among dozens of masterpieces from the 20th century Christie's offered in a curated sale titled "Looking Forward to the Past."
The Picasso price, $179,365,000, and the Giacometti price, $141,285,000, included the auction house's premium. The buyers elected to remain anonymous.
Overall, 34 of 35 lots sold at Monday's auction for a total of $706 million.
Experts say the high sale prices were driven by artworks' investment value and by wealthy collectors seeking out the very best works.
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