A keen-eyed shopper paid $700 for a chandelier in an antique store. It turned out to be an Alberto Giacometti worth up to $3 million:
“Peter Watson came into his fortune when he was quite young, after his father died, so he had the freedom to explore what he was very passionate about, which was art and literature,” Michelle McMullan, a senior specialist in Impressionist and Modern art at Christie’s London, told Artnet News., likely commissioned the chandelier for the publication’s office on London’s Bedford Square during one of his trips to mainland Europe, either in 1946 or ’47.
The artist may have even been referencing one of his own early Surrealist works in the design, which recalls his 1931 pieceGiacometti is less known for his more utilitarian design objects, but they were nonetheless a major part of his practice.“Objects interest me hardly any less than sculpture, and there is a point at which the two touch,” the artist wrote in a 1948 letter to dealer Pierre Matisse.
“Alongside his more famous sculptural work, Giacometti did make decorative design pieces, the most famous of which were collaborations with the French interior designer Jean-Michel Frank,” McMullan said. “The chandeliers don’t come up at auction very often. They are usually unique editions.” The top price one has ever fetched was £7.6 million in 2018—but that piece featured one of Giacometti’s signature stick figures, increasing its desirability.
The artist’s most-expensive work ever to sell at auction went for $141.3 million at Christie’s in May 2015, according to the
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