Karl Lagerfeld’s Paris flat sold for €10 million

Fashion designer Karl Lagerfeld’s Paris flat, a futuristic 260-square-metre, three-bedroom with a 50-square-metre dressing room, sold for ten million euros (11.1 million including fees) at auction in Paris on Tuesday, according to the notary’s office in charge of the sale.

It was offered for sale at €5.3 million, according to Althemis, which declined to give the identity and nationality of the buyer.

The sale followed on from several auctions of property belonging to the couturier in 2021 and 2022. It took place at the Paris Chamber of Commerce and Industry, as well as online and by telephone. The right of access was conditional on a deposit of €1.06 million.

Karl Lagerfeld, who died in February 2019 and whose creations and catwalk shows for Chanel, Fendi and his own brand had a profound impact on the fashion world, lived there for around ten years until his death.

Located in a 17th-century building on the Quai Voltaire, in the heart of historic Paris, with a bird’s eye view of the Seine and the Louvre Museum, the flat has been completely refurbished by the couturier in a futuristic style with concrete floors and sandblasted glass panels.

The main room, measuring 120 square metres, features a large number of backlit bookshelves. The sleeping area overlooking the courtyard has a bedroom with removable partitions, backed by a dressing room measuring over 50 square metres.

The Monegasque administrator in charge of the couturier’s estate decided to hold the sale by auction before the Chamber of Notaries, who in turn appointed one of its French counterparts, according to Althemis.