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What Chair Sells for $28 Million?
Yves Saint Laurent Auction Results

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Don't know about you but we have been enraptured with the auction of Yves Saint Laurent's art collection this week. The depth and breadth of this one couple's amazing collection blows us away and reminds us of Boston's own grande dame of art collecting, Isabella Stewart Gardner. Day 1 saw sales records smashed and Day 2 held a doozie or two of its own. Want to see the chair that fetched $28 million at auction? Follow the jump...

 
 

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Not at all the type of chair you'd see here on AT but we could totally see it in the Asian wing of the Museum of Fine Arts here in Boston, or in one of Isabella Stewart Gardner's studies. It's called The 'Dragons' Armchair, circa 1917-1919, and was only estimated at $2.5 to $3.8 million — $25 million less than what was paid.

More on this piece of furniture from Christie's website:

In the form of unfurling petals, upholstered in brown leather, the frame in sculpted wood, lacquered brownish orange and silver and modelled as the serpentine, intertwined bodies of two dragons, their eyes in black lacquer on a white ground, their bodies decorated in low relief with stylised clouds.

The unique and remarkable 'Dragons' armchair was acquired from Miss Gray by Suzanne Talbot, the first patron to provide her with an opportunity to create a complete environment. The exotic, symbolist character of the piece situates it conceptually within the first phase of Miss Gray's creative cycle. It aligns with the figurative panels and screens that can be traced to her first public exhibit in 1913 and the first published feature on her, in British Vogue, of 1917; it has an altogether different spirit from that evidenced in reductionist features such as the 'brick' wall panelling and screens that gave the Suzanne Talbot apartment so radically modern a character. The armchair distils all that was so personal and so magical in the first, intimately expressive phase of Miss Gray's career -- surprising, imaginative, subtly sculpted and crafted, it is a masterpiece of invention and execution.

The dragon has a history in Chinese iconography as a symbol of strength and goodness, with the power to protect and to guard. The dragon is often illustrated toying with a pearl (zhu) which in turn is a symbol of strength associated with the moon and with thunder; this ovoid jewel can represent omnipotence or the light of the moon. The entire sculptural form of the present armchair could be interpreted as representing a pearl within its shell, encircled by the dragons. The stylised clouds on the bodies of the dragons call to mind the clouds, often accompanied with flame motifs, that are a regular feature of traditional Chinese imagery

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history, Christie's, Yves Saint Laurent

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Comments (36)

Someone has way too much disposable income.

posted by djs on February 25th 2009 at 11:31am
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To each their own. Not how I would spend $28 million, but whatev.

posted by Julia at Living Luxely on February 25th 2009 at 11:31am
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Fugly is as fugly spends.

posted by joelmurr on February 25th 2009 at 11:34am
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Wow, 28 million?! For one chair!? People with money do not always have good taste, I suppose. A piece like this should really be in a museum.

posted by PrettyKitty on February 25th 2009 at 11:34am
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Maybe that big poofy cushion filled with 28 million in cash?

posted by therapy4me on February 25th 2009 at 11:38am
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I guess I just don't know what is supposed to be great as far as art goes. I just know what I like and that is why if I saw this left out on the corner, I would walk on by.

Maybe having 28 million in disposable income make you see things in a different way. :)

posted by karene on February 25th 2009 at 11:38am
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A welcome counterpoint to all the gloom-and-doom economy news.

posted by patrick (the other one) on February 25th 2009 at 11:40am
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This is what happens when the iconic pieces become too common. People just have to seek out something you can't get and throw it in your face with all the money they have.

I can see how this would be quite the curiosity, I am warming up to the design. It looks like it might be comfortable. I bet if they sold something like this at IKEA, people would be all, this would go great with my Billy shelves and Knappa lamp.

posted by K T G on February 25th 2009 at 11:47am
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sigh. I just don't get it.

posted by SherryBinNH on February 25th 2009 at 11:48am
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To add some sophistication to this post...

It looks like a poop.

posted by msjessiemeghan on February 25th 2009 at 11:54am
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It's completely insane. 28 million dollars. Think about that much money. Jeebus.

posted by Vanessa in New York on February 25th 2009 at 11:54am
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I'll take 12!

posted by kellylc on February 25th 2009 at 11:55am
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Considering it's age, near-perfect condition, perfect Art Nouveau style, uniqueness and provenance - $28MM doesn't surprise me...

...bearing in mind that the folks who can spend $28MM on such things don't have to concern themselves with how they're going to pay for it.

posted by bepsf on February 25th 2009 at 11:56am
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"I bet if they sold something like this at IKEA, people would be all, this would go great with my Billy shelves and Knappa lamp."

No. This chair is f*cking ugly, period. I wouldn't pay $10, let alone $28m.

posted by first5times on February 25th 2009 at 11:57am
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that chair has a face only its mother could love.

posted by kdkaboom on February 25th 2009 at 12:00pm
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I want to plop into it just to squish flat that poof of a cushion.

Bepsf, I can see why all the resons you listed would make the chair worth the millions it was appraised at, but I still boggle at the final sale price. Makes me wonder if the reason that cushion is so very poofy is because it's stuffed with greenbacks.

posted by BornSlippy on February 25th 2009 at 12:05pm
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I think that chair is fantastic. If I had an extra $28M lying around, I might be interested in buying it given its famed designer, Eileen Gray, and it's famed owner.

posted by taritac on February 25th 2009 at 12:09pm
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holy mother of moley !! that is unreal !!!!!!!!!!!!!!!!!!!!!

posted by edlovesvintage on February 25th 2009 at 12:16pm
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"I bet if they sold something like this at IKEA, people would be all, this would go great with my Billy shelves and Knappa lamp."

"No. This chair is f*cking ugly, period. I wouldn't pay $10, let alone $28m."

I am dead serious. People seem to latch on to the weirdest things. Of course, my first reaction to the reveal was a little bit of nausea, but the more I look at this chair, the cooler it is. The price, no, I didn't win the MegaMillions last night, and I do tend to be frugal anyways. I think if something similar to this, maybe in white canvas with fake lacquer arms came out of Sweden, or came in some purple and gold quilty/tapestry-y fabric from Anthropologie, or was invented by oh, an Eames or a van der Rohe, EVERYONE would want one! I think because it's brown and odd to you now, you're scared. You're scared to like anything about it, and you're scared that if this was common fare at some approved outlet, you'd have 2 of them.

posted by K T G on February 25th 2009 at 12:27pm
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KTG-

No, seriously, its just ugly. And I am having a hard time not vomiting at the idea of someone paying $28 million for ANY chair right now when I am watching my co-workers get laid off left and right.

posted by modkitten on February 25th 2009 at 12:47pm
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it's not a chair. it's a unique (as in 1 of 1, not editioned) historical object, with the added history of having been way overbid.

someone with a lot of money has an eileen gray addiction, or wants a collection of the best architect designed furniture of the modernist movement. with what people were/are(?) paying for ron arad limited edition numbered pieces, it shouldn't be as much of a surprise as it seems, and to be so over estimate just means two people (and i mean people as i doubt a museum could justify the expense) wanted it badly, nothing more.

not how i dream of spending money, or decorating, but to each his own.

posted by healthyhome on February 25th 2009 at 12:51pm
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Yep, I agree with most of the posts here that it's a big pile of ugly. No fluidity or movement to the design, it's just a lump of wood and leather sitting there on the floor. No thanks, I'll take something that's actually attractive and a bit less expensive.

posted by Miss Jess on February 25th 2009 at 12:52pm
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If anyone saw Nip/Tuck last night, maybe it provides some insight...

posted by Joey on February 25th 2009 at 1:02pm
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Somewhere in China, there is a guy running a manufacturing plant thinking, "We can make that for $50.00."

And he'd be right.

posted by modtramp on February 25th 2009 at 1:27pm
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ok, I love the chair. I think it's beautiful, unique, organic. granted, I love art nouveau. it's definitely not something that would work in most spaces, and certainly not in a small apartment or hip urban loft, but in the right house (err, mansion) it could be absolutely beautiful. but I guess that's hard to see when you're stuck in the mid-century modern mindset.

I do think, however, that $28mil is a bit much. the estimated selling price was no problem, but I wonder what drove it up so much. perhaps a bit of ego in the competition? however, I much prefer the ultra-rich spending their money on art and historical items such as this than on drugs, it-bags, and private jets. the great art patrons of past years are a dying breed.

posted by foodefafa on February 25th 2009 at 1:33pm
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Good god that's one ugly chair. I'm astounded at the price, quasi-fame attached or not.

posted by LBhirise on February 25th 2009 at 1:34pm
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to the defense of the chair (which I actually quite like), if Yves Saint Laurent was still alive and checking AT regularly, he would throw the "fugly" comment to most tours. And that is because his style was totally different.

After having seen pictures of his old house, I can see this chair being absolutely astounding in there, but it needs the right surroundings. It's the same with any art nouveaux, with most ecole de Nancy piece, with Gaudi. If you were to put any MCM that is revered over here in a 13th century castle with huge drapes, bulky oak furniture and golden frame, it might very look as nothing else but a turd.

posted by flobo on February 25th 2009 at 1:54pm
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They could have sent a dozen kids through medical school. Sick.

posted by dandy on February 25th 2009 at 2:44pm
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If George Washington, Thomas Jefferson, and Abraham Lincoln all sat in it and John Kennedy did Marilyn Monroe in it, it might be worth a few thousand. As a piece of art, not so much.

posted by Aldyth on February 25th 2009 at 2:51pm
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"I guess I just don't know what is supposed to be great as far as art goes. I just know what I like..."

If art depended on 'what everyone liked' then Meet The Spartans would be considered a masterpiece.

posted by Modfan on February 25th 2009 at 3:08pm
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Apparently, if you add polka dotted pieces of wood to your typical looks-like-a-squatting-fat-guy chair, it's worth a fortune.

Who knew?

posted by nikkibee on February 25th 2009 at 4:29pm
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I guess he wanted to sit on his assets.

posted by Lisa (Montreal) on February 25th 2009 at 7:10pm
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I don't hate the chair. Don't love it. But it's no less ugly than a lot of stuff that gets posted on here. "Attractive" is very much a term of personal style. Right now, all the magazines (and websites, for that matter), are touting "mid-century" as cutting edge and beautiful. When I was growing up in the late 70s and early 80s, we frankly looked on that style of furniture as so incredibly schlocky and tacky that we wouldn't pick it up off the curb when our neighbors went to throw it out. The plywood chairs and "Eames era" orange plastic stuff was what we had in our poverty-stricken high schools, because they couldn't afford to buy better, newer stuff.

There was no rightness to the cyclical round of fashion that called mid-century tacky when it was out of style, and there's no rightness to the round that's brought it back in right now. If someone loves this chair and respects the designer, then it's worth something to the her.

I would never (ever, ever, ever!) spend that kind of money on a chair. Heck, I wouldn't spend $1000 on a couch. But beauty is in the eye of the beholder. And over the age of 40, you start to see "beauty" just repeat, recycle, and then go out of style again.

Mary

posted by Mary B C on February 26th 2009 at 5:20am
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"They could have sent a dozen kids through medical school. Sick" - or - they could have spent the proceeds of the auction on AIDS research, which they did.

posted by pointseast on February 28th 2009 at 3:32pm
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hmm, i did a blog post on this chair - i compared it to the cheapest chair i could find.

check it out if you wish.

http://www.reddoorread.blogspot.com/

i love the shape of it but the leather is drab looking.

posted by red.door.read. on March 1st 2009 at 9:18am
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At least the money went to charity. But the chair is still ugly.

posted by mjs7640 on April 2nd 2009 at 10:21am
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