A painting by British artist David Hockney has sold for more than $90 million a world record price for a work by a living artist. "Portrait of an Artist (Pool with Two Figures)" was sold at auction in New York for $90,312,500, Christie's auction house announced Friday. Hockney's painting, described by Christie's as a "masterpiece," was sold in under 10 minutes.

A masterful swimming pool painting by British legend David Hockney sold for $90.3 million in New York on Thursday, smashing a new auction record for a living artist. "Portrait of an Artist (Pool with Two Figures)" was snapped up after more than nine minutes of bidding, dominated by two rival telephone bidders.