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Picasso painting sells for Sh7.8billion at New York auction

A man walks past artwork titled 'Femme nue couchee’, by Pablo Picasso. (Courtesy/Reuters)

The 1932 Pablo Picasso painting "Femme nue couchée" sold for $67.5 million on Tuesday at its auction debut at Sotheby's in New York, the most recent large sale at auction for blue-chip art.

The eight-digit sale price comes a week after Andy Warhol's 1964 silk-screen portrait of Marilyn Monroe fetched $195 million at Christie's, setting a record for a work by an American artist sold at auction.

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