A 1932 Pablo Picasso masterpiece has sold for $139m (£113m), the second highest price ever achieved for the artist, according to Sotheby's, APA reports citing BBC.
Femme a la Montre (Woman with a Watch) also becomes the most valuable work sold at auction this year.
It depicts Marie-Therese Walter, the French model who was also a lover of the Spanish artist, and the subject of many of his paintings.
The work had been valued at $120m before it went to auction.
It was previously owned by the late art collector Emily Fisher Landau, who bought it in 1968, and has been purchased by an anonymous buyer.
Femme a la Montre is a portrait of Walter seated in a throne-like chair against a blue background.