Edvard Munch's masterpiece The Scream sold for nearly $120m, setting a new record as the most expensive piece of art ever sold at auction.<br /><br />The vibrant pastel was conservatively estimated to sell for about $80m at Sotheby's Impressionist and Modern art auction in New York.<br /><br />But two determined bidders competing via telephone on Wednesday emerged from an initial group of seven, driving the final price to $119,922,500 over the course of a nearly 15-minute bidding war.<br /><br />The version of The Scream on the block was one of four paintings executed by the Scandinavian between 1893 and 1910.<br /><br />Al Jazeera's Scott Heidler reports from New York.
