Picasso Painting Auctions for Record $106 Million

The Christie's auction house in New York City just auctioned a Picasso painting, called Nude, Green Leaves and Bust, for $106 million, a record price for a painting sold at auction.

The painting, which was created in 1932, was owned by Los Angeles collectors since the 1950's. The painting was estimated to sell for $70 million to $90 million.

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