Marc Newson, a famous designer, had his Lockheed Lounge chair sell for $3.74 million. Newson’s piece broke a world record. It was the most expensive work of contemporary design to have ever been sold. Many critics believe that Newson’s success gives proof that contemporary designers can just as successful as the designer who came before them. His success also give hope to other designers, whether they are veterans or are just getting started in the field.