Believe it or not, an aluminum chair just sold for 1.1 million pounds at the Phillips de Pury & Company auction house! The "Lockheed Lounge" chair by London artist Marc Newson set a new record for highest price at auction for a work of "contemporary design art."
This chair has an interesting history. Back in 1993, it was featured in singer Madonna's promo film for "Rain." Six years later, it failed to sell at a Christie's auction, even though it was estimated to fetch between 35,000 and 50,000 pounds. Obviously, this type of artwork has since become quite popular.
Here are two of Newson's other chairs:
