Raphael drawing sells for £29.2M in London auction

(AP)

LONDON — Auctioneer Christie's says a drawing by Raphael has sold for about 29.2 million pounds ($47.5 million).

Christie's says the Italian virtuoso's work has won one of the highest prices ever paid for an Old Master at auction.

A portrait by Dutch master Rembrandt also fetched a high price, selling for 20 million pounds ($32.7 million).

The auctioneer said the works were sold Tuesday as part of its Old Masters and 19th century art sale in London.