The current auction, for the item pictured below, was titled 'Man Ray chess set, Lot 222; Part of a live auction event'. With a starting price of US $10.000, the set sold for US $18.000 after receiving six bids. The bid history indicates that the auction lasted for about a minute, although I'm not sure how the times for live bids are recorded.
The description said,
LOT 222 Seller's Estimate: USD 20,000 - 30,000 Man Ray chess set; USA, 1962; enamel, metal inlay, wood, polished brass; 19.75 h x 39.5 w inches. Inlaid signature and date to board 'Man Ray 1962'. Incised signature and number to king 'Man Ray 17/50'. Literature: Man Ray: Paris - LA, Tashjian, ppg. 73-75 Provenance: Private collection, Los Angeles
I don't usually link to the original auction, because the pages don't survive for long, but I'll make an exception here for the full auction: Live Auctions - Art & Design; offered by Wright; Chicago, Illinois; Sep 24. While researching the item, I discovered that there were several styles for 'Man Ray chess set'. Exactly how many would make a starting point for another post.