• Thu. Jan 27th, 2022

Karl Lagerfeld: his estate reaches 12 million euros, four times the estimates – Franceinfo

Byeditorial

Dec 7, 2021

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 December 3, concluded on Monday December 6 on “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. More than 1,400 bidders had registered for the sale that took place “in an electric atmosphere”, according to Pierre Mothes, vice-president of Sotheby’s France, quoted in a press release.

Jackets on display during the sale of part of the estate of designer Karl Lagerfeld by Sotheby's, in Monaco.  (VALERY HACHE / AFP)

Among the coins, of which 96% were sold above the high estimate, a Portrait of Karl Lagerfeld by Japanese artist Takashi Murakami left for 292,100 euros, against an estimate of 80,000 to 120,000 euros and a work by French painter Guy-Pierre Fauconnet, Cow and its Milkmaid, dating from 1920, was sold for 152,400 euros, against an estimate of between 4,000 and 6,000 euros.

Cushions where it is inscribed

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 inspired by the designer, estimated between 3,000 and 5,000 euros, found buyers for 152 400 euros. Dom Pérignon Balloon Venus, sculpture by Jeff Koons, was acquired for 38,100 euros, just above estimate and a 2018 Rolls Royce Phantom, estimated between 300,000 and 350,000 euros, reached 439,000 euros.

Three Rolls Royces, on sale of part of the estate of couturier Karl Lagerfeld at Sotheby's in Monaco.  (VALERY HACHE / AFP)

The goods for sale, including many furniture items, were from the couturier’s residences, including a Quai Voltaire apartment in Paris. Passionate about the Art Deco period, the designer 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 hairdresser estimated between 7,000 and 10,000 euros left for 88,900 euros.

Furniture exhibited during the sale of part of the estate of couturier Karl Lagerfeld by Sotheby's, in Monaco.  (VALERY HACHE / AFP)

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

One thought on “Karl Lagerfeld: his estate reaches 12 million euros, four times the estimates – Franceinfo”
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