The world's most expensive painting has sold at auction

Last updated at 12:45
Picasso painting The Women of AlgiersGetty Images

The world's most expensive painting has sold at auction for a record-breaking £102.6 million.

"Les femmes d'Alger" version O, was painted by world famous artist Pablo Picasso in 1954-1955 and is one of a 15-part series of pictures.

The painting was auctioned at Christie's in New York and sold in 11 minutes flat after some furious telephone bidding!

This means the painting has smashed the previous record held by Francis Bacon's "Three Studies of Lucian Freud" which sold for £89.3m in 2013.

"This is an absolutely blockbuster picture - it's one of the most exciting pictures that we've seen on the market for 10 years," said Philip Hoffman, founder and CEO of the Fine Art Fund Group.

Here are some other record-breaking items which sold for incredible prices...

Most expensive teddy bear

Teddy bearPA

This old bear named "Teddy Girl" sold for £110,000 at auction to a Japanese business man in 1994.

The bear was made in 1905 by a famous toy maker called Steiff, and used to belong to a man named Colonel Bob Henderson, who took it everywhere with him, even to his landing on the D-Day beaches during World War II.

Most expensive musical instrument

The Lady Blunt violin, photograph by Robert Bailey, TarisioOther

The 'Lady Blunt' Stradivarius violin sold in an online auction for £9.8 million in 2011.

The violin is extremely rare, and is one of about 600 instruments made by Italian Antonio Stradivari still in existence.

Made in 1721, the violin was called 'Lady Blunt' after Lord Byron's granddaughter who first owned it.

All the money raised from the sale of the violin went to the Japan Earthquake and Tsunami Relief Fund.

Most expensive board game

Gold Monopoly board(C) British Broadcasting Corporation

This edition of monopoly isn't your average household board game, it sold at auction for £1.4 million.

It was created by a jeweller called Sidney Mobell in 1988.

The board is made from 23 carat gold, the solid gold houses and hotels have rubies and sapphires on top of the chimneys, and the dice have 42 diamonds for spots.

Most expensive watch

world's most expensive watchAFP/Getty

The world's most expensive watch sold at auction for £13.4 million.

Made from 24 carat gold and weighing half a kilogramme - the Graves Supercomplication was made for an American banker in the Thirties.

It took eight years for a Swiss watchmaker called Patek Philippe to finish making it.

The watch has 900 moving parts and 24 different features, including a calendar.