While Marc Newson’s luxurious Lockheed Lounge chaise had a pre-sale estimate of between £500,000 and £700,000 at Christie’s, it managed to sell for 1.1 million pounds ($1.6 million), which is an auction record for a piece of contemporary design...

An armchair, which was previously expected to sell for around £3 million at Christie's in Paris, has been auctioned off for a whopping £19.4 million (nearly $28 million). This sale has made this brown leather armchair the most expensive piece of...