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18th century Badminton Cabinet sets new world record at London auction house.
(From AP Worldstream)
Byline: SAM F. GHATTAS
The 18th-century Badminton Cabinet broke its own record as the most expensive piece of furniture sold at an auction, fetching more than 19 million pounds (US$36 million, A27 million) at a sale Thursday.
Johan Kraeftner, director of the Liechtenstein Museum in Vienna, Austria, paid 19,045,250 pounds (US$36,829,704, A27,633,851), including the buyer's premium, at a Christie's auction in London. Kraeftner bought the cabinet on behalf of Prince Hans Adam II of Liechtenstein, for the museum.
The Badminton Cabinet set its previous record when it sold for 8.58 million pounds (US$16.59 million, A12.44 million) at a Christie's auction on July 5, 1990.
It was offered for sale Thursday by Barbara Piasecka Johnson, the billionaire widow of a Johnson & Johnson heir. She has homes in Monaco and Princeton, New Jersey.
Christie's British chairman, Charles Cator, said the Badminton Cabinet had again pushed the boundaries of the art market.
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