Picasso painting sold for 470,000 euros at Swedish auction

A 1920 work by artist Pablo Picasso, entitled "Guitar and Score on a Pedestal Table", was sold on Friday for 470,000 euros, said the auction house Stockholm's Auktionsverk.

The sale saw the original price multiply 2.5 times as two telephone bidders fought it out for the painting, which had belonged to a Swedish family since the end of the 1960s.

The new owner was not identified.