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Giacometti's Walking man I. © 2010 Sotheby's

Update 20:40 Geneva, Switzerland (GenevaLunch) – A sculpture by Swiss artist Alberto Giacometti has been sold for £65 million to an anonymous bidder by telephone at London’s Sotheby’s auction house. The life-sized sculpture “L’homme qui marche I” (Walking man I) was sold 3 February for five times the amount the auction house expected and becomes the most expensive work of art sold at an auction, just beating a Picasso sold in 2004.

The numbered sculpure was cast in 1960 in Paris and belonged to Dresdner Bank.

Geneva’s Musée Rath is holding a Giacometti retrospective until 21 February.

Links to other sites: BBC, Sotheby’s