UPDATE: The Winton Guest House sold for $750,000 today at Wright's "Design Masterworks" auction in Chicago. During the approximately 40-minute livestream that began promptly at noon Central Time, the Winton Guest House was auctioned among several furniture pieces including a Charles Eames & Eero Saarinen Chair and Table, and a George Nelson Marshmallow Sofa. Although Wright's website listed $850,000 as the starting bid for the Winton Guest House, the bespeckled auctioneer Richard Wright opened up its bidding lot at $500,000 and increased it by $50,000 increments. As silence filled the room, the auctioneer nearly deemed the house as Pass/Unsold until a phone bidder named Michael purchased it for $750,000. "This is a bargain on an architectural masterpiece," Wright commented. Not too surprisingly, the pacing of bids for the Guest House was neither as competitive nor as enduring compared to the furniture pieces. However, the House's bidding lot closed on a small celebratory note as attendees at the live auction lightly applauded its purchase before the auctioneer swiftly moved on to the next item.

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The University of St. Thomas in St. Paul along with auction house Wright will be auctioning the Frank Gehry-designed Winton Guest House in Chicago. Completed in 1987 for Mike and Penny Winton, the Winton Guest House in Owatonna, Minnesota is one of Gehry's few residential projects that contributed to his rising fame during the 1990s. The starting bid for the 2,300 sq.ft house is currently $850,000.

Watch the auction here.

Find more photos of the Winton Guest House here.

Previously