Karl Lagerfeld's Parisian Apartment Sold for €10 Million

As reported by the French media outlet Le Figaro, originally listed at €5.3 million at auction, this 260 m² property, boasting a panoramic view of the Seine and the Louvre, garnered significant interest from buyers.

Photo: Karl Lagerfeld Facebook Page

A three-room apartment spanning 260 m², featuring a dressing room of over 50 m² and offering a breathtaking view of the Seine, the Tuileries Gardens, and the Louvre Museum: the private Parisian residence of the late fashion designer Karl Lagerfeld, who passed away in February 2019, attracted the attention of buyers during an auction this Tuesday. Initially listed at €5.3 million, this property, located at 17 quai Voltaire in the 7th arrondissement of Paris, was sold for €10 million, according to our sources. That's nearly €38,500 per square meter, a price tag twice as high as the average of €19,222 per square meter for homes in this prestigious address, according to Meilleurs Agents. "This property, formerly used, among other things, as a creative workshop by Karl Lagerfeld, witnessed his iconic creations, providing a conducive environment for his inventiveness," noted the notaries overseeing the sale.

Situated on the third floor of a 17th-century building, with a total of six floors, this unique apartment was renovated by the German couturier, who opted for a avant-garde style, featuring frosted glass panels. The main room, spanning 120 m², boasts numerous backlit library shelves. The sleeping area overlooking the courtyard includes a bedroom with removable partitions. Not to mention the dressing room where Lagerfeld used to store his latest fashion collections along with an impressive library, as the designer was an avid reader. "I cannot live without a book," used to say the former artistic director of Chanel, who even opened his own library in 1999 dedicated to books on photography, architecture, design, gardens, and fashion.

Photo: Paris Notaires Services on X social network

However, the sale is not yet final. Like any auction, a ten-day period is granted to potential buyers who may be interested in the property. In this case, they must make an offer exceeding the winning bid by 10%, in hopes of acquiring the apartment of the illustrious Karl Lagerfeld.