A used office furniture sales in South Lake Tahoe, Calif., sold for $979.94.
Ashley Furniture, which specializes in high-end office furniture, had been in business for six years, and owner Ashley Hurd said she was thrilled with the deal.
Ashleys business has been a staple of the local area, Hurd told ABC News.
The company opened a new store in the town in October and has expanded to Las Vegas and other parts of the state.
“I am excited about this acquisition and I feel like I am finally getting a chance to really do something with this business,” Hurd added.
The sale was one of the most expensive in Southern California history.
The previous record price was $1.8 million, according to The Associated Press.