NEW YORK (AP) — A sculpture by Alberto Giacometti has sold for more than $141 million at an auction at which a Pablo Picasso painting set a world record.
Giacometti’s “Pointing Man” sold Monday night at Christie’s auction house in New York City, setting a sculpture record. The price includes the buyer’s premium. The work depicts a skinny 5-foot (1.5-meter)-high bronze figure with extended arms.
Picasso’s “Women of Algiers (Version O)” sold earlier for a record $179.4 million.
Francis Bacon’s “Three Studies of Lucian Freud” previously held the record for art at auction when it sold for $142.4 million in 2013. The sculpture record was $104 million.
The Giacometti sculpture was among two dozen masterpieces from the 20th century Christie’s offered in a curated sale titled “Looking Forward to the Past.”
Experts say the prices are driven by artworks’ investment value and by wealthy collectors seeking the very best works.