1968 Press Photo American expressionist painter Willem deKooning in file photo.

A painting by American expressionist Willem deKooning has been purchased for a reported $850,000 by the Australian National Art Gallery - the highest price ever paid for the work of a living artist. The oil and charcoal painting, "Woman V," cost less than $3,000 in 1953.

Photo is dated 1968.

Photo measures 8 x 10 inches.