NEW YORK (AP) — A 1954 portrait by Alberto Giacometti of his brother has set a new auction record for a painting by the Swiss artist.
"Diego in plaid shirt" sold for $32.6 million at Christie's impressionist and modern art sale Tuesday evening. It came within the pre-sale estimate of $30 million to $50 million.
The painting has been in a private collection for more than two decades and had never appeared at auction.
Giacometti's brother was the artist's most frequent subject.
The previous auction record for a painting by Giacometti was "Portrait of Caroline," painted in 1964. It sold for $14.6 million in 2008.