The first auction of a two-part sale of the estate of late fashion designer Karl Lagerfeld in Monaco sold out and quadrupled its pre-sale estimate to earn 12 million euros ($ 13.5 million) .
The legendary designer who died in 2019 left his mark in the fashion world as director of Chanel and Fendi, ensuring wide interest in the sale. Indeed, 1,500 international bidders eager to own a piece of fashion history competed on 582 lots, which included works of art, cars, clothing and sketches from the designer.
“Collectors, fashionistas and longtime admirers of Karl Lagerfeld’s unique heritage and style came together this weekend, physically and virtually, to express their appreciation for one of the world’s greatest designers.” , said Pierre Mothes, vice-president of Sotheby’s France, in a statement of celebration following the sale.
Among the best lots was a portrait of the designer by Takashi Murakami, sold for â¬ 100,000 ($ 112,410); another by Gianni Versace sold for â¬ 94,500 ($ 106,227), while a portrait of Lagerfeld Choupette’s cat by Joana Vasconcelos surpassed her high estimate of â¬ 7,000 to reach â¬ 20,320 ($ 22,841) .
Meanwhile, that of Jeff Koons Dom PÃ©rignon Venus Balloon (2013) sold for â¬ 38,100 ($ 50,400), also exceeding his estimate, and a 1968 tuning fork desk by Marzio Cecchi exceeded his estimate of â¬ 35,000 to sell for â¬ 38,100 ($ 42,828).
Many variations of Lagerfeld’s signature black blazer, by Saint Laurent, Dior Homme and others, have been on sale, as have a selection of his gloves.
âThere was an electric atmosphere for this incredible first sale which saw an explosive auction, with buyers fighting for everything from Karl’s drawings to the art he chose to surround himself with, as well as many of his personal belongings, âMothes said.
Other items included chandeliers, chairs, mirrors, rugs, an ornate 19th-century library ladder, sold for around â¬ 19,000, and Lagerfeld’s dressing table.
The second part of the auction takes place in Paris and online from December 12 to 17.
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