The painting supplants Albert Giacometti's L'homme qui marche I, a bronze statue circa 1960, that was auctioned at Sotheby's London in February 2009 for $104,327,006. The entire collection of Mrs. Sidney F. Brody sold for $224,177,500. The bidding opened at $58 million.
Prior to this auction, Picasso's Garcon a la pipe was the artist's highest priced painting of his sold at auction. It sold for $104,168,000 at Sotheby's New York in May 2004.
Source: www.christies.com; ArtInfo
