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Edvard Munch's iconic artwork The Scream sold for $120m

3 May 2012 Last updated at 05:58 BST

Norwegian expressionist Edvard Munch's The Scream has become the most expensive art work sold at auction as it went in New York for $119.9m (£74m).

The 1895 pastel was bought at Sotheby's in New York City. Bidding began at some $50m, and lasted for just 12 minutes.

The work is one of four in a series by the Norwegian expressionist artist and was the only one still owned privately.

Laura Trevelyan reports.