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Christie's Is About to Auction This Nude Painting by Modigliani for $100M

Recent worries over a global recession aren't bleeding into the art world.

Just ask auction house Christie's, which is about to sell a 100-year old nude painting from legendary artist Amedeo Modigliani for $100 million.

That price tag shatters the existing record for a Modigliani -- about $71 million -- reached last year at rival auction house Sotheby's (BID - Get Report) .

"I think Modigliani's 'Nu couche' that we're offering at Christie's this season is the finest Modigliani still in private hands," said Conor Jordan, deputy chairman, impressionist and modern art at Christie's. "It was painted towards the end of his...