Recession? What recession? Obviously some people have some serious cash to throw away or are smoking something. This ugly 90 year-old armchair made by Irish designer Eileen Gray used to belong to Yves Saint Laurent. It fetched $28.3 million at auction at Christie's Paris. Pre-auction estimates for said chair were $3.8 million which still seems extraordinarily high. That's seven times more than expected. Insane!
