Why invest in contemporary art when you can own a $38,000 chair
October 2020
Loïc Le Gaillard, who co-founded Carpenters Workshop Gallery in 2006, says the price tags of furniture in his showrooms should be compared to those found at Sotheby’s auctions. Among its locations in New York, London, San Francisco, and Paris, the gallery has exhibited products from boldface names not typically associated with decor: marble pedestals by Karl Lagerfeld, hand-painted aluminum chairs by Yinka Shonibare, and massive brass floor lamps by Virgil Abloh. “You have to put everything in relation,” Le Gaillard says. “You have people spending $100 million for a painting by Jean-Michel Basquiat.”
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