A Pablo Picasso painting has been bought by a hedge fund manager for a record USD 155m – making it the most expensive of the Spanish artist’s works, Sky News reports.Steve A Cohen bought the oil painting of Picasso’s mistress Marie-Therese Walter, titled Le Reve, from casino mogul Steve Wynn, The New York Post reported. Mr Cohen and Mr Wynn, who are both billionaires and well-known art collectors, have a history with this particular Picasso painting. In 2006, Mr Wynn put his elbow through the canvas while showing it to several friends, reportedly a day after agreeing to sell it to Mr Cohen for USD139m. The portrait is said to have been completed in one afternoon in 1932 when Picasso was 50 years old. The price tag is thought to make it the most expensive Picasso ever, according to reports.It is the third of the artist’s works to sell for more than USD 100m.Nude, Green Leaves and Bust sold for USD 106.5m in 2010, with Mr Cohen and Chelsea FC owner Roman Abramovich among the bidders as it went to a still unrevealed new owner. Garcon a la Pipe for USD 104.2m in 2004.