Brian Kendrella, president of New York-based Stack's Bowers Galleries, says the auction drew half a dozen bidders from six countries.
The winning bidder today was an individual collector from Asia who asked to remain anonymous.
The prize sold for a winning bid of USD 950,000 at auction, and an additional buyer's commission brought the final sale price to USD 1.16 million.
This is only the second Nobel Peace Prize to come to auction. This award marked the first time someone from Latin America received the honor. The 1936 recipient was Argentina's foreign minister, Carlos Saavedra Lamas.