A private collection of 106 Karl Lagerfeld’s Chanel Costume Jewelry offered by Christie’s

A special online auction of Chanel costume jewelery by Susan Gutfreund will take place from 14 – 29 January with Christie’s. The jewelery was collected in the 1980s and 1990s, and this is perhaps Karl Lagerfeld’s most important moment with the French fashion house. Many if not all of the jewels are one-of-a-kind handmade pieces created in Lagerfeld’s view specifically for his Chanel runway displays.

The online sale is part of the special auction of “The Collection of Mr. and Mrs. John H. Gutfreund 834 Fifth Avenue,” to be held in January.

Christie’s says Susan and John Gutfreund were close to Lagerfeld, Chanel’s symbolic creative director who died in 2019. He personally gave some of the jewels to the couple over the years. The auction house also says the jewels “give us a glimpse into Chanel Karl Lagerfeld’s golden age. ”

Auction estimates for the pieces range from $ 200 to $ 6,000 and total sales could go up to $ 163,000.

John Gutfreund was an American banker, businessman and investor. He was CEO of Salomon Brothers, an investment bank that gained prominence in the 1980s. Gutfreund turned the bank from a private partnership into a publicly traded corporate body. In 1985, Business Week nicknamed the “King of Wall Street.”

Susan (maiden name Kaposta) Gutfreund, who was a Pan Am flight attendant, was married to John Gutfreund from 1981 until his death in 2016. The couple were famous for charitable activities and donations, and were fixtures in social New York and Paris. views with their elegant homes in both cities. The couple was also embroiled in controversy, which took their elegant lifestyle first. John Gutfreund was removed from Wall Street in 1991 after he and other Salomon executives reported illegal claims in the Treasury securities market. He fixed potential fraud charges by paying a fine and agreeing not to regulate another securities company.

Susan Gutfreund has a deep appreciation for French culture that has spread to a love of couture and especially design from Chanel’s house, Christie’s said in a statement. She was a friend of many of the most famous couturiers. “She shared a close relationship with Lagerfeld” which gave her “an amazing selection of costume jewelry made for Chanel runway,” Christie said. “Stunningly designed and rare, these unique jewels are pieces of fashion history created as part of a vision for Chanel’s iconic Lagerfeld years. “Many of the pieces are prototypes that have never been offered for sale or viewed by the public.

“For Chanel house collectors and enthusiasts, this online show features perhaps the largest single-owner collection of Lagerfeld-era Chanel jewelry ever on display at auction,” Claibourne Poindexter, an expert for Christie Jewels, said in a statement. “These gems enter a window into the world of haute couture in the 1980s and 1990s, representing a time when fashion could be second to none in the greatest possible way.”

As previously mentioned, the sale of Chanel suit jewelry is part of a larger auction of what is in the 20-room Upper East Side pair designed by French interior designer Henri Samual. The heart of the Winter Garden salon building is “where things with a rich history, unique proofs and a restored flavor are all intertwined,” said Christie.

The sale of costume jewelry, along with the sale of decorative arts and furniture from their New York apartment on 5th Avenue could achieve $ 7 million. Other fairs are as follows:

* The collection of Mr. & Mrs. John H. Gutfreund 834 Fifth Avenue will be held on January 26th and 27th;

* Art of entertainment: The Mr. & Mrs. John H. Gutfreund 834 Fifth Avenue Collection will be held online, January 14 – 28; and

* Elections from the Library of Mr. and Mrs. John H. Gutfreund 834 Fifth Avenue will be held online, 14 – 29 January.

.Source