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The Times of India
The Times of India
World
TOI World Desk

Artist bought a Giacometti chandelier for £250 in London; decades later, it sold for £2.922 million

Alberto Giacometti Peter Watson Christie London Horizon

A chandelier that an artist bought for £250 after spotting it in a London antiques shop sold for £2.922 million at Christie's in 2023, turning a chance discovery into one of the more remarkable stories of the art market. The bronze light fitting, created by Swiss sculptor Alberto Giacometti, had been recognised by British artist John Craxton in the late 1960s, when the shop had listed its maker as unknown. According to Christie's, Craxton paid all his savings for the piece and kept it for the rest of his life.

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