The Fashion Scholarship Fund is honoring Michael Burke, the chairman and CEO of LVMH Fashion Group, who raised millions with the late Virgil Abloh.
, chairman and chief executive officer of LVMH Fashion Group, has a gift for trenchant quotes that can take your breath away.
During the event, more than $1.4 million in scholarships will be awarded to 130 FSF scholars, including this year’s Designed by Abloh in collaboration with Nike, 200 pairs of Air Force 1 sneakers came housed in Louis Vuitton pilot cases in monogram-embossed orange leather, with 3D tags in orange leather with a white swoosh on top. Burke and Abloh engineered the auction for maximum returns, deliberately restricting popular shoe sizes to make the sneakers rarer and stoke bidding among rabid collectors in search of “verticals.
The auction house reeled in eight times the pre-event high estimate of $3 million. Every penny went to Abloh’s scholarship fund as Vuitton, Nike and Sotheby’s donated everything and waived all fees. Lefebvre taught Burke about “leading people, not managing people,” for example. “Creatives have to lead their studios; managers have to lead their organizations.”
According to Burke, what’s particular about mentorships in fashion is that they must stretch over a long period.
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