The 1949 oil painting "Seated Woman" by Pablo Picasso was auctioned off Wednesday at Christie's in London for 8.5 million pounds ($13.4 million), a much higher price than the experts expected.
The picture was one of the most sought-after works in the auction of impressionist and modern art, in which paintings by Renoir, Signac and Gauguin were also on offer.
"Seated Woman," a cubist design in tones of purple, black, yellow, green and orange, far surpassed the $11.7 million the experts had estimated.
Another star of the evening was a later work by Picasso, "Woman with Dog" painted in 1962, which was knocked down for 6.9 million pounds ($10.9 million).
The canvas, which had not been shown in public since 1973 in Chicago, is a portrait of his second wife Jacqueline Roque with her dog Kaboul, which the painter created in a period of great changes in his style.