Late Chanel designer Karl Lagerfeld's estate sale sold 3 Rolls-Royces for $1.33 million — take a closer look

Taylor RainsDec 12, 2021, 20:22 IST

Lagerfeld's three Rolls-Royces.VALERY HACHE/Getty Images

The late Karl Lagerfeld's first estate sale brought in an impressive $13.5 million, quadrupling estimates.
The legend's Rolls-Royce cars sold for $1.33 million combined, collecting nearly $75,000 above expectations.

Karl Lagerfeld, who died in 2019, was a creative director, fashion designer, and artist known for his work with luxury labels Chanel and Fendi.

Karl Lagerfeld was Chanel's creative director.Stefanie Keenan/Getty Images

His fame and legacy brought a lot of attention to his estate sale held this month in Monaco. The auction fetched an impressive $13.5 million, with many pieces collecting well above expectations.

Lagerfeld's artwork and furniture are displayed ahead of the auction.VALERY HACHE/AFP via Getty Images

His fame and legacy brought a lot of attention to his estate sale held this month in Monaco. The auction fetched an impressive $13.5 million, with many pieces collecting well above expectations.

Most notably were three Rolls-Royce cars that sold for $1.33 million, including a 2017 Phantom Drophead Coupé convertible that sold within estimates for $423,132.

Lagerfeld's Phantom Drophead convertible.Sotheby's

Most notably were three Rolls-Royce cars that sold for $1.33 million, including a 2017 Phantom Drophead Coupé convertible that sold within estimates for $423,132.

However, the car failed to sell during the live auction due to a technical glitch, according to Sotheby's spokesperson Peter Haynes, but was successfully relisted and sold the following day.

Lagerfeld's Rolls-Royce stepping out of his Rolls-Royce in Paris, France.Marc Piasecki/FilmMagic via Getty Images

However, the car failed to sell during the live auction due to a technical glitch, according to Sotheby's spokesperson Peter Haynes, but was successfully relisted and sold the following day.

The other two luxury cars sold well above estimates, including the 2018 Phantom that collected a whopping $491,263, nearly $50,000 above expectations.

Lagerfeld's 2018 Phantom.Sotheby's

Meanwhile, the 2019 Cullinan hammered $416,278, which was $22,000 above the highest estimate.

Lagerfeld's 2019 Cullinan.Sotheby's

In an email statement to Bloomberg, Peter Haynes, a spokesperson for the sale, said the two cars sold at a higher price because the Rolls-Royce cars were low-mileage with "ample upgrade specifications," which are worth more.

Lagerfeld's three Rolls-Royces.VALERY HACHE/Getty Images

In an email statement to Bloomberg, Peter Haynes, a spokesperson for the sale, said the two cars sold at a higher price because the Rolls-Royce cars were low-mileage with "ample upgrade specifications," which are worth more.

Moreover, the Phantom is significant because of its patrimony, which drew in bidders.

2018 Phantom.VALERY HACHE/AFP via Getty Images

Haynes also explained that the supply chain shortage has caused the luxury car market to boom. "The opportunity to acquire very nice, low-mileage examples is an appealing opportunity to many," he said in the email.

Lagerfeld's Rolls-Royce sighted on march 24, 2011 in Paris, France.Marc Piasecki/FilmMagic via Getty Images.

Haynes also explained that the supply chain shortage has caused the luxury car market to boom. "The opportunity to acquire very nice, low-mileage examples is an appealing opportunity to many," he said in the email.

Karl Lagerfeld himself also made the collectibles more intriguing because his ownership added to the cars' premium value, Haynes told Bloomberg.

Karl Lagerfeld at Chanel Spring Summer in 2016.Dominique Charriau/Getty Images

Another top sale was a portrait of Karl Lagerfeld by Gianni Versace selling for $107,206, soaring above its $567 expected value.

Versace portrait of Lagerfeld.Sotheby's

Meanwhile, Joana Vasconcelos' sculpture of Lagerfeld's cat went for $22,841, collecting three times its high estimate of $7,942.

Lagerfeld's estate sale in Monaco.VALERY HACHE/Getty Images

And 200 pairs of Lagerfeld's infamous fingerless lambskin Chanel gloves also sold for a pretty penny.

Lagerfeld wearing his fingerless gloves at the Royal Wedding of Prince Albert II of Monaco.Pascal Le Segretain/Getty Images

As well as his iconic black blazer.

Victor VIRGILE/Getty Images

According to a press release from Sotheby's, the estate sold out, collecting four times its high estimate overall.

Lagerfeld's estate sale in Monaco.VALERY HACHE/AFP via Getty Images

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Late Chanel designer Karl Lagerfeld's estate sale sold 3 Rolls-Royces for $1.33 million — take a closer look

Karl Lagerfeld, who died in 2019, was a creative director, fashion designer, and artist known for his work with luxury labels Chanel and Fendi.

His fame and legacy brought a lot of attention to his estate sale held this month in Monaco. The auction fetched an impressive $13.5 million, with many pieces collecting well above expectations.

Most notably were three Rolls-Royce cars that sold for $1.33 million, including a 2017 Phantom Drophead Coupé convertible that sold within estimates for $423,132.

However, the car failed to sell during the live auction due to a technical glitch, according to Sotheby's spokesperson Peter Haynes, but was successfully relisted and sold the following day.

The other two luxury cars sold well above estimates, including the 2018 Phantom that collected a whopping $491,263, nearly $50,000 above expectations.

Meanwhile, the 2019 Cullinan hammered $416,278, which was $22,000 above the highest estimate.

In an email statement to Bloomberg, Peter Haynes, a spokesperson for the sale, said the two cars sold at a higher price because the Rolls-Royce cars were low-mileage with "ample upgrade specifications," which are worth more.

Moreover, the Phantom is significant because of its patrimony, which drew in bidders.

Haynes also explained that the supply chain shortage has caused the luxury car market to boom. "The opportunity to acquire very nice, low-mileage examples is an appealing opportunity to many," he said in the email.

Karl Lagerfeld himself also made the collectibles more intriguing because his ownership added to the cars' premium value, Haynes told Bloomberg.

Another top sale was a portrait of Karl Lagerfeld by Gianni Versace selling for $107,206, soaring above its $567 expected value.

Meanwhile, Joana Vasconcelos' sculpture of Lagerfeld's cat went for $22,841, collecting three times its high estimate of $7,942.

And 200 pairs of Lagerfeld's infamous fingerless lambskin Chanel gloves also sold for a pretty penny.

As well as his iconic black blazer.

According to a press release from Sotheby's, the estate sold out, collecting four times its high estimate overall.