The assets of Karl Lagerfeld, historical artistic director of Chanel, were the protagonists of the second part of the Sotheby’s auction in Paris dedicated to the ‘Kaiser’.
The auctioned items generated record takings for a total of € 6.2 million, in particular for a bag from the Parisian maison, a black Chanel crocodile tote bag from 2010 that Lagerfeld wore every day and sold for € 94500, and Martin Szekely’s 2007 opera ‘Miroir soleil noir’ for 375500 euros. In addition to accessories and fashion products, the Sotheby’s Paris auction also included decorative art, reflecting Lagerfeld’s passion for contemporary design. The designer owned furniture by designers such as Marc Newson, Gino Sarfatti and Maria Pergay.
Among Lagerfeld’s clothes, a 2008 Dior black wool jacket that reached € 35200 in value and a sequined Saint Laurent jacket from 2015 sold for € 5200, five times his estimate. The auction exceeded all earnings expectations, and the results were three times higher than the presale estimate. Speaking by the numbers: 98% of the lots were sold and 90% of the lots went beyond estimates. The auction attracted the interest of over 500 bidders from more than 25 countries. Of these, a third was new in the offer and in the auction.
1500 bidders from 60 countries
Overall, nearly 1500 bidders from more than 60 countries took part in the Lagerfeld auctions, which began at Sotheby’s in Munich and took place in December. Overall, the sale of almost 1,000 lots brought in € 18.2 million, four times the maximum estimate of € 4.6 million. “The second act of Karl’s sale has kept its promises, after the historic success of the inaugural sale in Monaco – said Pierre Mothes, vice president of Sotheby’s France -. Collectors from all over the world, by grabbing Karl Lagerfeld’s objects and designs, have consecrated his status as a fashion icon. The ‘Kaiser’ would certainly have been moved by this immense success with the public “. The third part of the Lagerfeld auction will take place at Sotheby’s in Cologne, Germany, in March 2022.