Marc Newson's Lockheed Lounge has captured the imagination of art and design collectors for years, and still holds the record price for a piece of furniture by a living designer, when it was sold as a part of the Halsey Minor collection in 2010 for over $2mm. First created by Newson in 1985, the Lounge, which looks more like a giant blob of mercury more than a traditional daybed, was crafted of a fiberglass body clad with sheets of aluminum joined by aluminum rivets. In its upcoming Design Evening Sale, Phillips London will offer an example of the Lockheed Lounge which has not been in a public auction since 2010. This icon came to fame in 1986 after the prototype was exhibited at a gallery in Sydney, and appeared in magazines all over the world. Madonna used it in her clip for Rain in 1993; it was used by Philippe Starck when designing the legendary lobby of the Paramount Hotel in New York in 1990; and an example is in the collection of the Carnegie Museum of Art. The Lockheed Lounge was first offered for sale at an auction in 1999, estimated at £35,000-£50,000 in Christie’s London and failed to sell; it was sold by Sotheby’s in 2006 for $968K, and fetched $1.6 mm a couple of years later at Christie’s. Phillips sold it in 2009 for £1,105,250 and in 2010 for $2,098,500. Phillips estimates the lot in its upcoming sale at £1,500,000 - 2,500,000.