Picasso Cubist painting sold for $63.4 million, sets record

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Baku, June 22, AZERTAC

Picasso's Cubist works line the white walls of every major international art museum, from the Museum of Modern Art in New York to the Tate Modern in London.

Now, one of his most seminal works has smashed an auction record, according to CNN.

Femme Assise (1909), one of the artist's earliest Cubist paintings, has sold for £43.2 million ($63.4 million) at a Sotheby's London auction on June 21, 2016, almost $20 million more than the original estimate.

Described by Sotheby's as "the greatest Cubist painting to come to the market in decades," it has broken the record for the highest price for a Cubist work at any auction.

Experts say it depicts Picasso's lover and frequent model Fernande Olivier.

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