Page last updated at 01:12 GMT, Thursday, 4 February 2010

Giacometti sculpture fetches 65m at Sotheby's auction

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A life-size bronze sculpture of a man by Alberto Giacometti has been sold at auction in London for a world record price of £65,001,250.

It took just eight minutes for bidders to reach the hammer price after L'Homme Qui Marche I opened at £12m at Sotheby's auction house.

Sotheby's said it was the most expensive work ever sold at auction.

David Sillito reports.

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