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Bronze Statue Sets Record For The Highest Value Sale

     11th Feb' 2010,

A sculpture by Swiss artist Alberto Giacometti has smashed the world record for an art work at auction, selling in London for $104.3 million (£65 million).

"L'homme qui marche I"("Walking Man I"), a life-size bronze statue of a man, was expected to go for up to $29 million at the sale Wednesday -- but an anonymous telephone buyer paid almost four times that amount.

It beat the previous record for a work at auction set by Spanish artist Pablo Picasso's painting "Garcon a la Pipe" which was bought for $104.2 million in New York in 2004, said the auction house.