Indeed, between 1989 and 2002, Pontormo's Portrait of a Halberdier (at right), held the title of the world's most expensive painting by an Old Master.
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Picasso's Nude, Green Leaves and Bust, sold as part of the same collection as Grande tête mince, broke that record to become the most expensive work of art ever to be sold at auction.
The highest price paid for a post-war painting in a private sale is believed to be $140 million (~$160 million in May 2012 dollars) for Jackson Pollock's No. 5, 1948 in November 2006.
Kramarsky's family put the painting up for auction at Christie's New York on May 15, 1990, where it became famous for Ryoei Saito, honorary chairman of Daishowa Paper Manufacturing Co., paying US$82.5 million for it, making it then the world's most expensive painting.