Frida Kahlo painting auctions for $54.6 million, record for woman artist

A self-portrait by legendary Mexican artist Frida Kahlo sold for $54.66 million in New York on Thursday, setting a new record for the price of a painting by a woman, the auction house Sotheby's said.

The sale of Kahlo's 1940 artwork, titled "El Sueno (La Cama)" -- which translates to "The Dream (The bed)" -- breaks the previous record in this category, set by American artist Georgia O'Keeffe, whose 1932 painting "Jimson Weed/White Flower No. 1," sold for $44.4 million in 2014.