A Pablo Picasso masterpiece from 1932 has sold for $139m ( £113m ), the second highest price ever achieved for the artist.
Femme a la Montre ( Woman with a clock ) also becomes the most valuable work sold at auction this year, writes the BBC.
It features Marie-Therese Walter , the French model, who was also a lover of the Spanish artist and the subject of many of his paintings.
The work was valued at $120 million before it went up for auction, previously owned by the late art collector Emily Fisher Landau, who bought it in 1968.
" Femme a la Montre " is a portrait of Walter seated in a throne-like chair against a blue background.
Known as Picasso's "golden muse", Walter was 17 when she met the 45-year-old Picasso in Paris and the pair later entered into a secret relationship while he was still married to Olga Khokhlova, a Ukrainian ballerina .
Walter became the subject of many of Picasso's paintings, including the 1932 work Femme Nue Couchee (Woman Lying Nude), which sold for $67.5 million at auction in 2022.
The most expensive Picasso painting ever sold at auction was Les Femmes d'Alger (The Women of Algiers), which fetched $179.3 million at Christie's in 2015.