Giacometti chandelier bought for £250 sells for £2.9m at Christie's in 2023

A chandelier designed by Alberto Giacometti fetched £2.922 million at a Christie's auction in February 2023. British artist John Craxton had acquired it for just £250 in the 1960s, and it stayed with his family until his death. The piece had originally been commissioned by art patron Peter Watson for the literary magazine Horizon, which published many well-known writers. Before going to auction, the chandelier went through a thorough authentication process that confirmed its historical importance.