London Frieze Art Fair
Published September 10th, 2007
Marc Newson’s Lockheed Lounge'’ chair, once used by Madonna in a video clip, and Andy Warhol’s Airmail Stamps'’ are part of a design collection valued at 8 million pounds ($16.2 million) that Christie’s International will offer in London during October’s Frieze Art Fair.
The aluminum-and-rivet “Lockheed Lounge'’ chair from 1986, one of an edition of 10, has a top estimate of 1.2 million pounds. The Newson-designed object featured in Madonna’s 1993 “Rain'’ video, according to http://www.powerhousemuseum.com . Warhol’s 1962 tableau of airplane stamps has a high value of 1.8 million pounds.
The collection is being sold by a European couple who bought some furniture in the early 1990s for as little as $20,000, said Amy Cappellazzo, Christie’s co-head of contemporary art, in a telephone interview on Saturday. Frieze, a contemporary art fair that runs Oct. 11-14, counted more than 63,000 visits last year, fueling auctions in the U.K. capital. This year it follows turmoil in the financial markets that has hurt some collectors.
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