Commissioned by the Maharajah of Indore (a princely kingdom in the pre-independence era of India while it was still under British rule) ; this chair has to be one of the most expensive ones that we have ever seen. Its not studded with diamonds, nor made with gold yet the price of 1 Million Euros is a testament to the artist who created what is now regarded as a masterpiece of modern design.
The figure of 1 Million Euros may even be surpassed at the upcoming auction in Paris at Sothebys if experts are to be believed. Only 12 such chairs were created by Irish designer Eileen grey and this example is one of the nine that are documented in existence.
Also included in the auction is a coffee table that the artist designed for her own home. The copper and tubular steel table was left to the mother of the present owner. The table is expected to get upto €150,000 in the same auction.
If you think that these figures are being plucked out of the air by experts who clearly have no idea what they are talking about, then spare a thought for this – in December 2009 another chair made by grey was expected to sell for about £3 million but the auction left the audience gasping for breath when it sold for a whopping £19.4 million (nearly $28 million). The Fauteuil aux Dragons (yes, the chair has a name and at this price tag it could even have an address if it wanted) was once owned by Yves Saint Laurent.
Lets see who purchases this million euro armchair from grey. Its nearly a century old, having been commissioned by the late Maharajah in the 1920s.
NOW WATCH: Executive Life videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.