Karl Lagerfeld's Precious Belongings Auctioned For A Total Of $ 13,5 million

Many precious objects and accessories belonging to the legendary fashion designer Karl Lagerfeld were sold at auction for a total of 12 million euros (13,5 million dollars).

The Sotheby's auction took place from Friday to Monday, in Monaco, both in the auction room and online, and was a big boom.

According to the famous auction house, the first part of the sale of objects belonging to the former artistic director of Chanel was "a triumph". All 582 lots offered were sold for a total of €12 million (the initial estimates of the house were 2 to 3 million euros).  

The second part of the sale, which will be held online, will take place in Paris from 6 to 16 December, ahead of an auction in Cologne in March.

Karl Lagerfeld's "Treasure" Sold At Auction

More than 1,400 bidders registered for the auction, which took place "in an electric atmosphere," said in a statement Pierre Mothes, Sotheby's France vice president, AFP reports.

Among the items were "Portrait de Karl Lagerfeld" by Japanese artist Takashi Murakami, which was sold for €292,100, much more than the original estimate of €80,000 to €120,000, and a work from 1920 by French painter Guy-Pierre Fauconnet, "Vache et sa laitiere", which sold for €152,400, above the estimate of €4,000 to €6,000.

Among the personal belongings of Karl Lagerfeld was a self-portrait, which sold for €107,250 (estimated at €2,000 to €3,000), while three notebooks with notes, estimated at €3,000 to €5,000, were bought for €152,400.

"Dom Pérignon Balloon Venus", a sculpture by Jeff Koons, was bought for €38,100, slightly higher than the original estimate, and a 2018 Rolls Royce Phantom, estimated at €300,000 to €350,000, was sold for €439,000.

Karl Lagerfeld Passionate About Art Deco Furniture

The auctioned goods, which included numerous items of furniture, came from the fashion designer's home, including an apartment he owned on the Parisian street Quai Voltaire.

The iconic designer, who was passionate about Art Deco, owned many of the creations and furniture pieces of French designers Louis Süe and André Mare, who were among the founding artists of the movement in the 1920s.

A pair of armchairs and stools dating from 1925, estimated at between €20,000 and €30,000, were bought for €114,300, while a dressing table, estimated at between €7,000 and €10,000, was sold for €88,900.

Around 96% of Karl Lagerfeld's belongings were sold for prices that far exceeded the initial estimates of the auction house.

Karl Lagerfeld - The Man Nicknamed "The Kaiser"

Karl Lagerfeld was the creative director of the fashion houses of Chanel and Fendi, as well as his own namesake fashion house, which combined rock-chic influences with Parisian-inspired styles.

His enigmatic persona, sharp-witted and cultured vision, uncompromising ideals, and 16/7work schedule allowed him to achieve the status of a true icon.

Karl Lagerfeld was arguably the most celebrated designer of the XXI century. Lagerfeld was renowned and celebrated for his always relevant approach to fashion based on the elegance of classic shapes and proportions adapted to contemporary living.

A man of many talents, Lagerfeld was also adept at illustration, photography, styling, and publishing. The charismatic designer also introduced collections of fine jewelry to the world.

The iconic designer, whose rivalry with Yves Saint-Laurent was legendary, passed away on 19 February 2019 at the age of 85.

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