Giacometti Sculpture Sells for Record $104.3M

'Walking Man I' squeaks by Picasso's record price
By Nick McMaster,  Newser Staff
Posted Feb 3, 2010 3:55 PM CST
Sculptures by Alberto Giacometti (1901-1966) and paintings by Francis Bacon (1909-1992) are on display in the Fondation Beyeler in Riehen, Switzerland, Thursday Aug. 16, 2007.   (AP Photo/Keystone, Georgios Kefalas)
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(Newser) – Alberto Giacometti's "Walking Man I" sculpture has sold at Sotheby's for $104.3 million, breaking the record for the most expensive artwork ever sold at auction. The previous record-holder was Picasso's "Boy With a Pipe," which sold for $104.2 million 6 years ago, the Wall Street Journal reports. The sale of Giacometti's 1960 work, a 6-foot-tall bronze, could signal a resurgence for sluggish art sales.

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