Why this record-breaking chair sold for $28M


On June 20, Christie’s New York will be offering a wood-and-brass armchair upholstered with calfskin at its summer season design public sale. The 90-year-old “Transat” armchair, designed by way of the past due Irish architect and fashion designer Eileen Gray, has an respectable estimate of $1 million to $1.five million, making it the highest-valued piece of recent design on be offering from a big public sale space this month.

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