The bull market for fine art raged at Sotheby's, with a 1901 self-portrait by a young Pablo Picasso selling for nearly $48 million, a record for the artist and the second highest price ever for a work of art sold at auction.

The painting, "Yo Picasso," Spanish for "I Picasso," was one of a series of Impressionist and Modern works sold at Sotheby's Tuesday at an auction in which records were also set for works by a host of artists, including Paul Gauguin.Gauguin's "Mata Mua" (In Olden Times), a brightly hued pastoral scene painted in Tahiti in 1892, went for $24.2 million.

In all, the buyers bid a record $204,820,000 at the auction.

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Following is a list of the top 10 prices paid for paintings at the world's two major auction houses, Christie's and Sotheby's:

1. "Irises" by Vincent van Gogh; $53.9 million, sold by Sotheby's, New York, Nov. 11, 1987.

2. "Yo Picasso" by Pablo Picasso; $47.85 million, sold by Sotheby's, New York, May 9, 1989.

3. "Sunflowers" by Vincent van Gogh; $39.9 million, sold by Christie's, London, March 30, 1987.

4. "Acrobat and Young Harlequin" by Pablo Picasso; $38.46 million, sold by Christie's, London, Nov. 28, 1988.

5. "Maternity" by Pablo Picasso; $24.75 million, sold by Christie's, New York, Nov. 14, 1988.

6. "Dans La Prairie" ("In the Meadow") by Claude Monet; $24.59 million, sold by Sotheby's, London, June 28, 1988.

7. "Mata Mua (In Olden Times)" by Paul Gauguin; $24.2 million, sold by Sotheby's, New York, May 9, 1989.

8. "The Trinquetaille Bridge" by Vincent van Gogh; $20.24 million, sold by Christie's, London, June 29, 1987.

9. "La Promenade" by Pierre-Auguste Renoir, $17.6 million, sold by Sotheby's, London, April 3, 1989.X

10. "False Start" by Jasper Johns; $17.05 million, sold by Sotheby's, New York, Nov. 10, 1988.