Date uploaded: 2021-10-26 02:47:45
A Michigan couple bought a cabinet for $100 in 1950. Now, it just sold for $48,000.
As newlyweds 71 years ago, Maurice and Nancy Allen purchased the cabinet, which turned out to be a rare storage unit designed by midcentury modern masters Charles and Ray Eames.
Nancy Allen, now 98 and widowed, and her family hired Le Shoppe Too, a consignment shop, and Detroit Fine Art Appraisals to assess her possessions before her move to Pennsylvania to be with her children.
The cabinet was ultimately auctioned off through the Le Shoppe Auction House, and bought by a curator for the Eames House, a museum and National Historic Landmark in Los Angeles.
The $48,000 is the most money ever paid for an original Eames storage unit, according to Terri Stearn, founder and president of Detroit Fine Art Appraisals.
“There’s only four or five of these cabinets left in the world,” Stearn said in a news release. “Knowing that we helped get this piece into a public institution to be enjoyed by everyone brought us such joy.”
