A chair made by Apple design genius Marc Newson just sold for a record $3.7 million

A lounge chair designed by Australian industrial designer Marc Newson set a record Tuesday when it sold for $3.7 million at an auction at Phillips in London, Curbed reports. It was the most ever paid for a piece by a living designer, Phillips said.

Apple hired Newson to join Jony Ive's design team in September 2014. Newson and Ive are good friends and have collaborated on design projects, including special edition Apple EarPods, a Leica camera, and a red Mac Pro.

The "Lockheed Lounge" is essentially a couch made of aluminum and fiberglass, though Newson told the BBC it was "not really meant to be comfortable." Newson created a set of 15 lounges in 1990, and their sales have since set multiple auction records.

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The Lockheed Lounge is also famous for its appearance in Madonna's 1993 music video for "Rain."

Newson's past work has included everything from luxury cars and speedboats to Japanese swords and a concept jetpack.