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Record £65m paid for Alberto Giacometti bronze sculpture at Sotheby's auction

An Alberto Giacometti bronze sculpture has become the most expensive piece of art to sell at auction after it was sold in London for more than £65million.

The sculpture, considered to be one of the most important by the 20th century Swiss artist, was estimated to sell for between £12 million and £18 million.

The previous record was a Picasso painting, Boy with a Pipe, which was his haunting Rose Period portrait of a youngster called "Little Louis", who used to hang around his studio in Paris, which was sold for $104million (£58.5m) in 2004.

It eclipsed the previous record of $82.5 million paid for Van Gogh's Portrait of Dr Gachet in 1990 and also became the first $100million painting
Read entire article at Telegraph (UK)