Cabinet fetches record €27m

AN 18th century cabinet broke its own record price for a piece of furniture at auction yesterday when it sold for more than €27.5 million.

The Badminton Cabinet fetched €27,601,810, including buyer's premium, at Christie's in London, breaking its own record of €12.3m set at Christie's on July 5, 1990.

It was bought in the room by Dr Johan Kraeftner, director of the Liechtenstein Museum in Vienna, on behalf of Prinz Hans-Adam II of Liechtenstein for the museum.