The National Times - Karl Lagerfeld's Paris apartment sold for 10 millions euros

Karl Lagerfeld's Paris apartment sold for 10 millions euros


Karl Lagerfeld's Paris apartment sold for 10 millions euros
Karl Lagerfeld's Paris apartment sold for 10 millions euros / Photo: © AFP

The futuristic Paris apartment of late fashion designer Karl Lagerfeld sold for 10 million euros ($10.8 millon) at auction on Tuesday, its notary said.

Change text size:

The final price (which was 11.1 million euros with notary fees) was roughly double the guide price, set at 5.3 million euros.

No details were given of the buyer.

Located in a 17th century building on Quai Voltaire, the three-room home has a view overlooking the Seine river and the Louvre Museum.

The apartment of 260 square metres (2,800 square feet) has a 50-square-metre dressing room and was completely redone by Lagerfeld "in a futuristic style with a concrete floor and sections of sandblasted glass," according to the notary.

German-born Lagerfeld, whose spectacular creations and shows for Chanel, Fendi and his own brand had a profound impact on the fashion world, lived there for some 10 years until his death in February 2019.

His office and library is now open to the public as a bookshop and event space in the Latin Quarter of Paris.

A series about his life, "Becoming Karl Lagerfeld", is due for release on Disney+ in June, starring Daniel Bruhl.

In an interview with AFP earlier this month, Bruhl said he tried to emulate Lagerfeld's extreme aesthete tastes.

"I tried my best... but the furniture, the posters, the photographs, the paintings, the books... to be such a perfectionist in aesthetics is something I absolutely share but obviously I'm useless in comparison," Bruhl said.

P.Murphy--TNT

Featured

France facing 'one of worst deficits' in its history: minister

France now has "one of the worst" public deficits in its modern history, the newly-installed economy minister said Tuesday, confirming new taxes on the wealthy and big businesses are on the table to get finances back in order.

Postbank terminates accounts of Ukrainians in Germany

Recently, the Postbank has increasingly attracted criticism from customers and consumer advocates. Many customers complain about long waiting times in branches and on the phone, inadequate customer service and technical problems with online banking.It has recently been revealed that Postbank is increasingly terminating the accounts of Ukrainian citizens who fled to the Federal Republic of Germany from the war waged by Russia, the state of terror, and who receive benefits from the job centre, in accordance with No. 19 (1) of Postbank's General Terms and Conditions. This clause allows Postbank to terminate business relationships with customers by giving two months' notice without stating reasons.Consumer advocates and affected customers have expressed concerns about the transparency and fairness of this practice. They criticize the fact that unexpected account closures can cause considerable inconvenience, especially if they are carried out without detailed justification. For many customers, the closure of their account not only means organizational effort, but also potential financial disadvantages.Regarding these account closures of Ukrainian citizens by Postbank, the journalistic observer is led to suspect that Postbank apparently wants to get rid of so-called unprofitable customers with these account closures. The debate about Postbank's termination practice casts a negative spotlight on the importance of clear and fair terms and conditions in the banking sector.

Dutch paint giant Akzonobel slashes 2,000 jobs worldwide

AkzoNobel, the world's leading paintmaker and manufacturer of Dulux paint, said Tuesday it was cutting 2,000 jobs globally, more than five percent of its workforce, as it strives to cut costs.

Trump slams early voting, even while urging Pennsylvanians to do so

Donald Trump dismissed early voting Monday as "stupid" but nevertheless encouraged voters in Pennsylvania to cast ballots as soon as possible, as he vowed if elected US president to repel a migrant "invasion" of the battleground state.

Change text size: