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

Norwegian expressionist Edvard Munch's The Scream has become the most expensive artwork sold at auction, after it fetched $119.9m (£74m).
The 1895 pastel was bought by an anonymous buyer at Sotheby's in New York. Bidding lasted 12 minutes.
The work is one of four in a series by the Norwegian expressionist artist and was the only one still privately owned.
Proceeds of the sale are to go towards founding a new museum, hotel and art centre in Norway.
Seven bidders were competing for the work, which had a starting price of $40m. The crowd broke into applause, following the sale on Wednesday.

The sale price includes the buyer's premium.

The previous record for an artwork sold at auction was for Picasso's Nude, Green Leaves, and Bust, which sold for $106.5m in 2010.
According to Forbes, The Scream is the eighth most expensive painting sold at a private or public auction, when prices are adjusted for inflation. (BBC News)