David Hockney painting sells at auction for £70m

Reuters

One of David Hockney's most-famous paintings has broken the world record price for a work by a living artist.

Portrait of an Artist (Pool with Two Figures) went for £70m at Christie's in New York.

The price was driven up in a bidding war between two telephone bidders - overshooting its estimated value by £8m.

The previous record was held by US artist Jeff Koons, whose stainless steel Balloon Dog (Orange) sold for £45m in 2013.