Someone paid $28 million for this chair

On June 20, Christie's New York will offer a wood-and-brass armchair upholstered with calfskin at its summer design auction. The 90-year-old "Transat" armchair, designed by the late Irish architect and designer Eileen Gray, has an official estimate of $1 million to $1.5 million, making it the highest-valued piece of contemporary design on offer from a major auction house this month.

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