Results: Christie's YSL Sale Day II

The records keep falling at the YSL in Paris. Today, the hammer fell at $28.1 million for a dragon chair by French designer Eileen Gray. This was the highest price paid at auction for a 20th century design piece of furniture.

Yesterday the sale totaled $262 million with buyer premiums for 61 lots of art, with 59 selling, while setting 7 auction price records as well. See yesterdays post on the auction for more information.

The silver component of the sale brought in $25.7 million including buyer premiums with all 111 lots selling, all of the top ten selling for amounts far greater than the high estimates. The Old Master and 19th Century session offered 24 lots with 18 selling, totaling $28.76 million including buyer premiums. Mos of the top ten sellers in this session sold within or above the estimate ranges. With the conclusion of these two additional sessions the sale so far has raised $316.521 million including buyers premium. This figure does not include the final two sessions, with part two of the decorative session and the final session of sculpture selling on Wed the 25th.

Bloomberg reports The leather-upholstered armchair by Irish-born French designer Eileen Gray, dating from about 1920 and featuring lacquered wood arms in the form of dragons, had been expected to fetch between 2 million and 3 million euros, said Christie’s. The chair was bought by a bidder in the room whose name was not immediately available. The underbidder was competing on the telephone.