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Sotheby’s to auction Karl Lagerfeld’s collection in Monaco

Sotheby’s has announced it will offer items from the estate of German designer Karl Lagerfeld, who died in February 2019, later this year at its Monaco outpost. The executor for the Chanel designer’s estate has chosen the auction house for the valuation of works from Lagerfeld’s eight residences across France and Monaco, a process which will take two months to complete, according to Sotheby’s statement. Sotheby’s has reported that the collection will be sold in the second half of 2021, though details of the items expected to come up for sale have yet to be disclosed. Sotheby’s said the grouping will “reflect the designer’s strong connections with Monaco and the principality’s sovereign family.” Lagerfeld, who lived in Monaco for a decade up until his death forged close ties with members of the country’s royal family, dressing Princess Caroline of Hanover for several decades. The designer also lived in a historic mansion known as La Vigie, gifted to him by Prince Rainier, the late monarch of Monaco, in exchange for restoring it. “The auction will pay tribute to this unique and exceptionally creative designer, a major figure in the worlds of fashion and art,” Pierre Mothes, vice president of Sotheby’s France, said in a statement. Over the course of his life Lagerfeld amassed a collection art and furniture ranging from the 18th century to the modern era. In 2000, he sold off his collection of 18th-century French furniture and artworks at Christie’s for $28.5 million. In 2003, Sotheby’s sold his collection of Art Deco works in Paris for $8 million.

In addition, he not only took over as creative director of Chanel and Fendi, which have very different styles, but also created the brands Karl Lagerfeld, KL and Karl. In doing these, he also stood out with his photographer identity and made collaborations for many brands. He was undoubtedly the earliest to see that collaborations would be useful to other brands he worked with. He made millions by opening an Instagram account for his beloved cat Choupette. In his 80s, he solved Instagram before anyone else. ” I have Alzheimer’s associated with my work, which is a very good thing, ” he said. “So many people today are obsessed with what they’ve done before and are repeating themselves. But you have to forget what you did before and start from scratch every time,” he thought. “Everything good and bad affects fashion, in architecture, in design, in automotive, it takes a long time to see this effect, whereas in fashion you can see it very quickly,” he summed up.

And he was admonishing, ” never sacrifice too much, don’t compromise yourself, if you sacrifice too much for others, then you have nothing left to give to them, and then no one cares about you.” Karl Lagerfeld differed not only in his designs, but also in his stance. He died in 2019 at the age of 85, and now he is reappearing with his Collector’s identity. The collection of paintings, sculptures, ceramics and designs will go on sale this year at an auction at Sotheby’s in Monaco. He had previously put up for sale a section of his collection, which he no longer liked, at Christie’s auction house in 2000. Now, the evaluation of the works that will go on sale will take exactly two months. Collectors are excited to make this assessment as soon as possible and announce the date of the auction.