There's a new record in the art world.

FOX News Radio's Chris Foster reports:

(AP Photo/Kathy Willens)
(AP Photo/Kathy Willens)

Pablo Picasso's 1955 painting "The Women of Algiers (Version O)" is now the most expensive artwork ever sold at auction.

(Auction) "$160 million, Brett. It's yours, sold!"

Add a 12% commission for Christie's Auction House in New York, and the anonymous buyer pays more than $179 million -- breaking the record price, paid for a Francis Bacon painting two years ago.

(AP Photo/Kathy Willens)
(AP Photo/Kathy Willens)

Also at this Christie's Auction, the life-size sculpture "Pointing Man" by Alberto Giacometti sold for $141 million.

Chris Foster, FOX News Radio.