Karl Lagerfeld’s estate reaches 12 million euros, four times the estimates – archyde

The sale of part of the estate of couturier Karl Lagerfeld, which ended on Monday at Sotheby’s in Monaco, totaled 12 million euros, four times the estimates.

The first part of the sale of the estate of the former artistic director of the house of Chanel, which took place in theaters and online from Friday, ended on Monday with “a triumph”, according to Sotheby’s.

All of the 582 lots offered have been dispersed, with a total auction of 12 million euros against an estimate of 2 to 3 million euros.

Furniture from the estate of couturier Karl Lagerfeld exhibited at Sotheby’s before an auction, November 26, 2021 in Monaco (AFPAFP / Valery HACHE)

More than 1,400 bidders had registered for the sale which took place “in an electric atmosphere”, according to Pierre Mothes, vice-president of Sotheby’s France, quoted in a press release.

Among the pieces, 96% of which were sold above the high estimate, a “Portrait of Karl Lagerfeld” by Japanese artist Takashi Murakami went for 292,100 euros, against an estimate of 80,000 to 120,000 euros and a work by French painter Guy-Pierre Fauconnet, “Vache et sa Laitière”, dating from 1920, was sold for 152,400 euros, against an estimate of between 4,000 and 6,000 euros.

The goods for sale, including many furniture items, came from the couturier’s residences, including a Quai Voltaire apartment in Paris.

Furniture from the estate of couturier Karl Lagerfeld exhibited at Sotheby’s before an auction, November 26, 2021 in Monaco (AFPAFP / Valery HACHE)

Passionate about the Art Deco period, the stylist owned many creations and furniture by the French Louis Süe and André Mare, among the founding artists of the movement in the 1920s.

Thus a pair of armchairs and ottomans dating from 1925, estimated between 20,000 and 30,000 euros, was acquired for 114,300 euros and a dressing table estimated between 7,000 and 10,000 euros left for 88,900 euros.

Among Lagerfeld’s personal items, a Self-portrait was acquired for 107,250 euros (estimated between 2,000 and 3,000 euros) while three notebooks of inspiration from the designer, estimated between 3,000 and 5,000 euros, found buyers for 152,400 euros.

Three Rolls Royces from the estate of couturier Karl Lagerfeld exhibited at Sotheby’s before an auction, November 26, 2021 in Monaco (AFPAFP / Valery HACHE)

“Dom Pérignon Balloon Venus”, sculpture by Jeff Koons, was acquired for 38,100 euros, just above the estimate and a Rolls Royce Phantom from 2018, estimated between 300,000 and 350,000 euros, reached 439,000 euros.

The second part of the sale, online, will be held in Paris from December 6 to 16, before a sale in Cologne next March.

ebe / pr / pb