Rare Giacometti chandelier bought for £250 in London set to sell for £7m
Piece acquired by English painter in antiques shop in 1960s has been confirmed as lost work by Italian sculptorSometimes a hunch pays off, and when the English painter John Craxton recognised a work of genius for sale in a London antiques shop, he made very much the right call.Craxton parted with £250 for an unusual chandelier he suspected was by the great sculptor Alberto Giacometti. Now that chandelier, made in the late 1940s, may sell at Christie’s in a few weeks’ time for as much as £7m. Pieces by the revered Swiss artist are the most expensive sculptures to buy at auction, and his work regularly breaks saleroom records.
