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Luxury Lagerfeld Villa Located Near Paris Changes Hands for Approximately 5 Million Euros

High-value villa of the late fashion tycoon was sold for slightly over 5 million euros. Auction process remains ongoing.

Luxury villa previously owned by fashion designer Karl Lagerfeld changes hands for approximately 5...
Luxury villa previously owned by fashion designer Karl Lagerfeld changes hands for approximately 5 million euros near Paris.

Luxury Lagerfeld Villa Located Near Paris Changes Hands for Approximately 5 Million Euros

In a series of high-profile sales, the properties of the late fashion designer Karl Lagerfeld have been fetching impressive prices at auction. Most recently, his villa in the French town of Louveciennes, located approximately 20 kilometers west of Paris, was sold at auction for €4,685,000. This sale followed the auction of his Parisian apartment on Quai Voltaire, which sold for a staggering €10 million.

The villa, boasting approximately 600 square meters of living space, includes a spacious park, a pool, a tennis court, and several outbuildings. Lagerfeld purchased the property in 2014 and spent four years renovating it before selling it at auction in 2024. The original estimated price of the villa was €4,635,000, making the sale price €50,000 over the estimated value.

Lagerfeld's Parisian apartment, a futuristic-style property of around 260 square meters, was also put up for auction in 2024. Featuring three bedrooms and a large dressing room over 50 square meters, the apartment sold for double the initially estimated selling price of approximately €5.3 million, fetching €10 million. The sale of the Parisian apartment took just 19 minutes. However, it should be noted that the sale is not yet final, as a higher bid can still be made within the next ten days.

The sale of Lagerfeld's Parisian apartment occurred after his villa in Louveciennes was sold at auction. The designer passed away in 2019, leaving behind a legacy that continues to influence the fashion world. His properties, with their high-end features and association with the designer's legacy, have proven to be highly sought-after in the luxury real estate market.

References: [1] [Auction House Website] [2] [Real Estate Publication] [3] [Fashion Magazine] [4] [Local News Outlet]

The sale of Lagerfeld's Parisian apartment, double the initially estimated selling price, was a significant investment in the luxury real-estate market, demonstrating a strong interest in high-end housing. His villa in Louveciennes, sold earlier, also fetched a price over the original estimate, highlighting the potential for profit in finance through investing in the housing-market.

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