Annapolis-based Theriault's, which specializes in the appraisals and auctions of antique dolls, held the auction in Naples, Fla. It included nearly 1,000 pieces from the former Puppenmuseum Stein am Rhein, a doll museum in Switzerland.
"The Albert Marque bebe has long been considered the most coveted doll in the world by collectors," Theriault's president Suart Holbrook said in a statement. "It is for good reason in that this renowned art doll blends every essential characteristic of greatness: rarity, artistic provenance, fashion, romance and, most importantly, unparalleled beauty."
The winning bidder was not disclosed.
Theriault says the doll, which was wearing an original signed costume, is one of 100 known to have been made.