Auction sets new record for 18th-century chair

  • Marie Antoinette chair sells for a record US$2.8 million
  • Chair achieved €2.6 million at Sotheby’s in Paris
  • Record for a single 18th-century chair
  • Part of the collection of the late Hubert Guerrand-Hermès
  • Louis XVI gilt walnut chair made circa 1784-85
  • Sold for triple the pre-sale high estimate
  • More than 80% of lots sold for more than their high estimates
  • Collection includes royal furniture, rare books, and contemporary art
  • Top lot of the evening was a monochrome canvas by Pierre Soulages
  • Guerrand-Hermès auctions continue with focus on Duchesse de Berry

A chair created for Marie Antoinette’s boudoir sold for a record-breaking US$2.8 million at Sotheby’s in Paris. The Louis XVI gilt walnut chair, made in the late 18th century, achieved €2.6 million, setting a new record for a single 18th-century chair. The sale was part of a series of auctions featuring the collection of the late Hubert Guerrand-Hermès. The chair, thought to have been created for Queen Marie-Antoinette’s personal rooms at Versailles, attracted a flurry of bidding. The auction also saw more than 80% of lots sold for more than their high estimates. The collection includes royal furniture, rare books, and contemporary art. The top lot of the evening was a monochrome canvas by Pierre Soulages, which sold for €3.1 million. The Guerrand-Hermès auctions will continue this week with a focus on the Duchesse de Berry, a prominent figure of the 19th century.

Public Companies:
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Key People: Hubert Guerrand-Hermès (late descendant of Thierry Hermès, founder of Hermès), Mario Tavella (President of Sotheby’s France and Chairman of Sotheby’s Europe)

Factuality Level: 7
Justification: The article provides information about the record-breaking sale of a royal chair at Sotheby’s in Paris. It includes quotes from the president of Sotheby’s France and chairman of Sotheby’s Europe. The article also mentions the diverse tastes of the late Hubert Guerrand-Hermès and the items being auctioned. However, the article lacks in-depth analysis and context about the significance of the chair and the auction.

Noise Level: 3
Justification: The article provides information about the record-breaking sale of a royal chair and the collection of the late Hubert Guerrand-Hermès. It includes details about the chair, the auction, and the diverse tastes of collectors. The article also mentions other items being auctioned and provides background information on Guerrand-Hermès. However, it lacks depth and analysis, and it does not provide any actionable insights or solutions. Overall, the article is relatively straightforward and focused, but it lacks intellectual rigor and does not go beyond reporting the facts.

Financial Relevance: No
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article is about the auction of a royal chair and the collection of the late Hubert Guerrand-Hermès. It does not pertain to financial topics or describe any extreme events.

Reported publicly: www.marketwatch.com