A Chanel handbag broke records at the Karl Lagerfeld estate auction that took place at Sotheby's in Paris.
Two world records were set. A black Chanel crocodile tote bag from 2010 that Lagerfeld carried daily fetched 94,500 euros, and Szekely’s “Miroir Soleil Noir,” from 2007, went for 375,500 euros.
Numerous portraits of Lagerfeld were auctioned off, and his sketchbooks caused bidding wars. Two notebooks, which were estimated to sell for between 300 euros and 500 euros, went under the hammer at 201,600 euros.black wool jacket from 2008 commanded 35,280 euros, and a sequined Saint Laurent jacket from 2015 sold for 5,292 euros — five times its estimate.
The Paris auction results came in three times above the high presale estimate. Ninety-eight percent of its lots sold, and 90 percent of the lots went for more than their estimates. The auction garnered interest from more than 500 bidders from more than 25 countries. Of those, one-third were new to bidding and buying at auction.
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