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A Picasso oil from 1955 smashed the record for the most expensive artwork ever sold at auction when it soared to $179.4 million at Christie's Monday.Several bidders competing via telephone drove the winning bid to $160 million, for a final price of $179,365,000 including Christie's commission of just over 12 percent.The most expensive work of art previously sold at auction had been Francis Bacon's triptych "Three Studies of Lucian Freud," which sold for $142.4 million at Christie's in November 2013 .The record-setting Picasso was last auctioned in 1997, selling for $31.9 million or nearly three times its presale estimate.
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