iOS app Android app More

Giacometti Sculpture 'L'Homme qui marche I' Fetches $104.3 Million, World Record: Sotheby's (PHOTO)

AP/ The Huffington Post   First Posted: 04/05/10 06:12 AM ET Updated: 05/25/11 04:25 PM ET

LONDON A life-size bronze sculpture of a man by Alberto Giacometti has been sold at a London auction for 65 million pounds ($104 million). Sotheby's says the sale set a world record as the most expensive work of art ever sold at auction.

The auction house said Wednesday it took just eight minutes for bidders to reach the hammer price for "L'Homme Qui Marche I" (Walking Man I), which opened at 12 million pounds.

Sotheby's says the piece was sold to an anonymous bidder by telephone.

The sculpture is considered on of most important works by Giacometti, a 20th Century Swiss artist, Sotheby's said.