Karl Lagerfeld’s first real estate auction raises 12 million euros – WWD

KARL’S COLLECTION: A part of Karl LagerfeldHis estate has sold, with Sotheby’s Monaco closing its auction on Monday, fetching 12 million euros – nearly four times the pre-sale estimate.

The first part of ChanelThe former art director’s estate began selling on Friday both in person, in Monaco and online.

In total, 582 lots were sold, with 96% achieving more than their high estimate. Those include everything from design and fine art to cars, sketches and clothing.

Sotheby’s said that even before the auction began, nearly 1,500 potential bidders from 58 countries had signed up to participate in the auction. One-third of auction participants were new to Sotheby’s.

Among the highlights of the sale was “Portrait of Karl Lagerfeld‘ by Takashi Murakami, sold for 292,100 euros, compared with an estimate of 80,000 euros to 120,000 euros, and Mieczyslaw Szczuka’s Summary of Layouts, sold for 82,550 euros, compared with estimates of 1,000 euros to 1,500 euro.

Karl Lagerfeld by Takashi Murakami

Portrait of Takashi Murakami by Karl Lagerfeld circa 2013.

Fashion sketches including “Les trois muses Ines, Anna et Vicky” sold for 203,200 euros, and three “scrapbook” notebooks from the mid-eighties for 152,400 euros.

Gianni Versace’s “Portrait of Karl Lagerfeld” earned 95,250 euros, compared with estimates between 300 and 500 euros.

A fan on which Lagerfeld wrote “March 7”NS for Lorraine, for Lorraine, for Lorraine, Paris” changed hands for 82,500 euros.

Five pairs of amputated fingers Chanel Gloves sell for 47,880 euros, while a black velvet jacket by Saint Laurent Paris costs 35,280 euros. A Rolls-Royce Phantom from 2018 was sold for 439,500 euros.

Collectors, fashionistas and long-time admirers of Karl Lagerfeld’s heritage and unique style have come together this weekend, both physically and visually, to express their tribute to one of the world’s greatest designers,” said Pierre Mothes, vice president of Sotheby’s France, in a statement. “There was a vibrant atmosphere for this incredible first sale, which saw bidding explode, with buyers fighting fiercely for everything from Karl’s drawings to artwork. techniques that he chooses to surround himself with, as well as many of his personal belongings.”

Lagerfeld has a penchant for distinctive furniture from the 20sNS and 21NS century. The sale of eight pieces of his estate, which includes more than 1,000 items, also includes fine art, collectibles, tableware and personal items, including linens, three Rolls-Royces of his grandfather, more than 200 fingerless gloves and a black Chanel tote bag. croc, and a selection of matching coats by Dior, Saint Laurent, Comme des Garçons and Martin Margiela.

The second part of Lagerfeld’s legacy auction will take place in Paris. Online sales will run from December 6 to 16, while in-person auctions will take place with one session on December 14 and two on December 15. Part three of the estate activity The production is scheduled for March 2022 in Cologne, Germany.

Lagerfeld was never attached to the property for long. “I find the joy of collecting, the joy of hunting, an interesting thing,” he once told WWD. “But once I [win] it, I lost interest. I don’t want to be a warden living in a museum.”

For more, see:

Karl Lagerfeld’s Real Estate Auction to Start With Dinner in Monaco

Karl Lagerfeld’s new luxury villas will be covered in gold dust

EXCLUSIVE: Cara Delevingne is collaborating with brand Karl Lagerfeld Karl Lagerfeld’s first real estate auction raises 12 million euros – WWD


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