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Artwork sets auction record in N.Y.

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NEW YORK — A 1969 painting by Francis Bacon set a world record for the most expensive artwork ever sold at auction and a sculpture by Jeff Koons broke a world auction record for a living artist at a Manhattan sale on Tuesday.

“Three Studies of Lucian Freud” was purchased for $142.4 million at Christie’s postwar and contemporary art sale Tuesday evening. The triptych depicts Bacon’s artist friend.

The price tag surpassed the nearly $120 million paid for Edvard Munch’s…

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