There was a auction sale of an art collection by Yves Saint Laurent which set a record
in Paris as a leather armchair fetched $28 million, the most for a work of
20th-century conceive at auction. The purchaser was the trader who sold it to
the French designer in the early 1970s.
From the front lines of the saleroom, Cheska Vallois offered tenders of approx $700,000 US each for the so-called “dragons” armchair made by French designer Eileen Gray round 1917 to 1919, wresting it from a rival telephone bidder and prompting applause from the crowd of 1,000. The piece had a presale peak approximate of 3 million euros, according to host Christie’s International. Estimates don’t encompass Christie’s fees.
The “dragon” armchair was one of 150 items offered in the five-hour decorative-arts meeting that fetched 59.2 million euros, against a high approximate of 28.3 million euros. Saint Laurent and his colleague Pierre Berge built up one of the world’s most significant collections of Art Deco furnishings and objects, said dealers. Ninety-five percent of the items traded.
An hour before the armchair, with timber arms formed like dragons, became the most-expensive part of 20th-century design traded at auction, a sideboard dating from 1915 to 1917, furthermore by Eileen Gray, held that name after New York-dealer Philippe Segalot, tendering in the room, paid 4 million euros for it. The 7-foot-wide lacquer-and-metal enfilade had been kept below a portrait of the fashion designer by Andy Warhol, in the melodies room of an apartment Saint Laurent distributed with Berge.
Sculptures and Asian art will be suggested today, including two Qing Dynasty bronzes that the Chinese government said should be returned because they were stolen from the imperial palace. A Paris court ruled this week that the sale could proceed.
From the sale they will advantage the foundation and study to find a cure for AIDS.
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