Friday, December 10, 2004
ok, so is this cabinet worth as much as the recent auction price?.....LONDON, England (AP) -- The 18th-century Badminton Cabinet has broken its own record as the most expensive piece of furniture sold at an auction, fetching more than £19 million ($36 million) at a sale.
Johan Kraeftner, director of the Liechtenstein Museum in Vienna, Austria, paid £19,045,250 ($36,829,704), including the buyer's premium, at a Christie's auction in London Thursday.
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 ($16.59 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.
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