The beautiful painting fetched $106m at Christie's in New York last week. It had previously belonged to the late Los Angeles collectors Frances and Sidney Brody since the 1950s and breaks the record held by Giacometti's Walking Man I, which sold in February for $104.3m in London.
Another work by Picasso, Garçon a la Pipe, had previously held the record when it sold for $104.1m in 2004.
