Art masterpieces set new records

Picasso's Women Of Algiers
Picasso's Women Of Algiers

A Pablo Picasso painting set a world record for artwork at auction, selling for $179.4 million dollars, and a work by Alberto Giacometti became the most expensive sculpture, at $141.3 million dollars.

Picasso's Women Of Algiers (Version O) and Giacometti's life-size Pointing Man were among dozens of masterpieces from the 20th century that Christie's offered in a sale titled Looking Forward To The Past.

Christie's global president, Jussi Pylkkanen, who was the auctioneer, said the two pieces are outstanding works of art.

"I've never worked with two such beautiful objects," he said.

The Picasso and the Giacometti prices included the auction house's premium. The buyers elected to remain anonymous.

Overall, 34 of 35 lots sold at last night's New York auction for a total of $706 million dollars.