Associated Press
Tiny chair, huge price tag.
A 2 1/4-inch Faberge chair sold for $2.28 million at a Sotheby's auction Tuesday, easily surpassing the $1 million presale estimate.
The chair, made of gold and enamel by the Russian jeweler Carl Faberge, was included in a two-day Russian art sale that totaled $50.9 million, slightly higher than the $48.7 million presale estimate.
Sotheby's auction house said Faberge miniature furniture, such as the empire-style chair, is among the rarest of the artist's creations and is not often auctioned.
The sale price included an auction house commission. The buyer was not named.
The sale also featured other Faberge works: A timepiece sold for $1.38 million, and a desk clock doubled its estimated price and sold for $240,000.
A number of paintings also were sold, including a Mikhail Nesterov work entitled "Vision of St. Sergius When a Child," which went for $4.29 million, more than doubling its $2 million estimate.
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