The entertainment company plans on displaying the toilet, saying its team is exploring “whether visitors may someday be allowed to use it.”

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At $236.4 million, a portrait by Gustav Klimt is the second most expensive painting at auction, while Maurizio Cattelan’s golden toilet drew $12.1 million.

© Tony Cenicola/The New York Times

The art market had a summer of closures and consolidations. But major collections, blue-chip art and guarantees have pushed expectations high for the marquee sales.

© OK McCausland for The New York Times

It’s the first time in nearly 20 years that the museum has asked an artist from mainland China to create artwork for its building.