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Last Updated: Wednesday, 7 November 2007, 09:06 GMT
Art collection is sold for $395m
Henri Matisse's L'Odalisque, Harmonie Blueue
The artwork had been expected to fetch $20m (9.55m)
A collection of works by several artists including Henri Matisse and Pablo Picasso have sold for $395m (188m) at an auction in New York.

A 1937 Matisse painting, L'Odalisque, Harmonie Blueue, sold for $33.6m (16m) at Christie's, smashing the artist's previous record of $21.7m (10.3m).

The artwork had been expected to fetch $20m (9.55m).

A 1955 Pablo Picasso work, Femme accroupie au costume turc (Jacqueline), went for $30m (14m).

'Wildest hopes'

Several other paintings also set auction records for their creators, including Camille Pissarro's Les Quatre Saisons from 1872, which sold for $14.6m (6.97m).

Paul Signac's 1889 Cassis. Cap Canaille went for $14m (6.68m).

The 1916 work Portrait du sculpteur Oscar Miestchaninoff by Amedeo Modigliani, fetched $30.8m (14.7m), which was just below the current record for the Italian artist.

"Broadly speaking, it was an extraordinary result," said Christie's honorary chairman Christopher Burge.

"It exceeded our wildest hopes."

However, a piece by Paul Cezanne, which had been expected to fetch anything up to $16m (7.6m), failed to sell.

An August Macke work estimated at up to $25m (11.9m) also did not find a buyer.

Some of the works sold at the auction

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