Sotheby’s To Auction Karl Lagerfeld's Collection In Monaco

Author image

Nancy Heslin   Forbes Monaco

Sotheby’s To Auction Karl Lagerfeld's Collection In Monaco

Photo: Prince's Palace of Monaco Facebook
 

One of Monaco’s big-ticket events on the socialite calendar, the annual Bal de Rose on March 30, has been again cancelled due to Covid. The 2022 ball will be designed by Christian Louboutin.

The news comes as Sotheby’s Monaco announces it will auction Karl Lagerfeld’s Monaco estate in the second half of 2021.

The late designer has deep ties with Monaco, including a 40-year long friendship with Princess Caroline that began at an American Vogue photoshoot in his apartment at place Saint-Sulpice when she as 16.

In 2013, Princess Caroline, who is president of the Princess Grace Foundation, brought Lagerfeld on board to add some life to the Bal de Rose in Monaco to celebrate the 150th anniversary of Société des Bains de Mer (SBM). He created the “Belle et Pop” theme and continued to design the setting for the fundraiser until 2018.

Two years after the Chanel designer’s death, the executor for Lagerfeld’s estate has missioned Sotheby’s auction house to value and sell items from his residences. (The Monaco estate is just one of many). Items to be sold include furniture, design and fine art although details were not provided.

“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. The valuation process is set to take around two months.

Choosing Monaco for the sale is to “highlight the designer’s strong connection to the principality and the Sovereign family.” (Between 1986 and 2000, the 3-storey La Vigie was regularly rented to Lagerfeld by SBM and in return for extremely attractive rent, the famous couturier carried out extensive restoration work.)

For those who can’t afford items at auction, tablecloths from Lagerfeld’s 2017 “Art Nouveau” Bal de Rose were transformed into 400 reusable masks by seamstresses at the Princess Grace Foundation boutique on the Rock and sell for €5. (Update: they have sold out!)

Author image

Nancy Heslin   Forbes Monaco

Nancy Heslin is an established journalist and lifestyle writer. She has been the Editor-in-Chief of Forbes Monaco magazine (bimonthly in English) , since the magazine's 2nd issue . Launched in November 2018, Forbes Monaco is part of the Forbes family, with its 7 million readers and 71 million monthly website visitors worldwide.