A Pablo Picasso painting has been sold to an unidentified bidder at Christie's New York auction house, setting a world record price for an auctioned artwork.

With a pre-sale estimate of between $70 million and $90 million, the 1932 Nu au Plateau de Sculpteur was sold for $106.4 million on May 4th.

The painting has been exhibited in the US only once, in 1961 in Los Angeles to commemorate Picasso's 80th birth anniversary.

The painting has been part of the late California art patron Frances Lasker Brody's art collection since she bought it in the 1950s, AP reported.

The previous record for an artwork at auction was $104.3 million for Alberto Giacometti's sculpture Walking Man I sold at Sotheby's London office on Feb. 3, 2010.

Picasso's 1965 Bust de femme au chapeau will also go under hammer at Sotheby's on Wednesday with a pre-estimation of $8 million to $12 million.

Source:- http://www.presstv.com/detail.aspx?id=125550§ionid=3510212