Picture credit: Christie’s Images Ltd 2013

The gelatin silver photogram, called ‘Untitled Rayograph’ – created by Man Ray in 1922 – bowed out for $1,203,750 (around £790,000) at Christie’s, New York yesterday.

The 23.5×17.8cm image had been expected to fetch $250,000-350,000.

Signed in pencil, on the mount, it set a new record for a photograph by Man Ray.

The sale was part of an auction that raised more than £5 million.

Auctioneers say the total reflects the demand for ‘prime examples of modernist photography’.