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Karl Lagerfeld’s First Property Public sale Fetches 12 Million Euros Leave a comment

KARL’S COLLECTION: A part of Karl Lagerfeld’s property has been offered, with Sotheby’s Monaco closing an public sale Monday that introduced in 12 million euros – roughly four-times the pre-sale estimate.

The primary part of Chanel’s former creative director’s property started promoting Friday each in particular person, in Monaco, and on-line.

In complete, 582 heaps have been offered, with 96 p.c fetching greater than their excessive estimate. These included all the things from design and superb artwork to vehicles, sketches and clothes.

Sotheby’s stated that even earlier than the public sale started, nearly 1,500 potential bidders from 58 international locations had already registered for the public sale. One-third of the bidders have been new to Sotheby’s.

Amongst highlights of the sale have been the “Portrait of Karl Lagerfeld” by Takashi Murakami, which offered for 292,100 euros, in opposition to an estimate of 80,000 euros to 120,000 euros, and “Composition abstraite” by Mieczyslaw Szczuka, which offered for 82,550 euros, in opposition to an estimate of 1,000 euros to 1,500 euros.

Trend sketches included “Les trois muses Ines, Anna et Vicky” that went for 203,200 euros, and three “scrapbook” notebooks from the mid-Eighties that took in 152,400 euros.

Gianni Versace’s “Portrait of Karl Lagerfeld” fetched 95,250 euros, versus an estimate of 300 euros to 500 euros.

A fan on which Lagerfeld had written “March 7th for Lorraine, for Lorraine, for Lorraine, Paris” modified arms for 82,500 euros.

5 pairs of fingerless Chanel gloves offered for 47,880 euros, whereas a Saint Laurent Paris black velvet jacket took in 35,280 euros. A Rolls-Royce Phantom from 2018 went underneath the hammer for 439,500 euros.

“Collectors, fashionistas and longstanding admirers of Karl Lagerfeld’s distinctive legacy and elegance got here collectively this weekend, bodily and just about, to precise their appreciation for one of many world’s best designers,” Pierre Mothes, vice chairman of Sotheby’s France, stated in an announcement. “There was an electrical environment for this unbelievable first sale, which noticed explosive bidding, with consumers combating onerous for all the things from Karl’s drawings to the artwork he selected to encompass himself with, in addition to a lot of his private belongings.”

Lagerfeld had a penchant for distinctive furnishings from the 20th and 21st centuries. The eight-part sale of his property, which incorporates greater than 1,000 objects, additionally contains superb artwork, collectibles, tableware and private objects, together with family linens, his three Rolls-Royces, greater than 200 fingerless gloves and a weathered Chanel tote in black croc, and a collection of go well with jackets by Dior, Saint Laurent, Comme des Garçons and Martin Margiela.

The second a part of Lagerfeld’s property public sale will happen in Paris. An internet sale will run Dec. 6 to 16, whereas stay auctions will happen with a session on Dec. 14 and two on Dec. 15. Half three of the property motion is deliberate for March 2022 in Cologne, Germany.

Lagerfeld by no means remained hooked up to possessions for lengthy. “I discover the enjoyment of amassing, the enjoyable of attempting to find objects, the thrilling factor,” he as soon as instructed WWD. “However as soon as I [win] it, I lose curiosity. I don’t wish to be a curator dwelling in a museum.”

For extra, see:

Karl Lagerfeld Property Public sale to Kick Off With Dinner in Monaco

Karl Lagerfeld’s New Luxurious Villas Will Gleam With Gold Mud

EXCLUSIVE: Cara Delevingne Is Collaborating With the Karl Lagerfeld Model



Supply: WWD

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