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Writer's pictureAkshata Sutar

High Fashion Auctions Reach New Heights as Vintage Chanel Piece Fetches Record Price

London, UK - In a scene reminiscent of the golden era of couture, the fashion world was captivated as a vintage Chanel coat achieved an astonishing price at a recent auction. This iconic piece, embroidered by Lesage, was from the esteemed fashion house's winter 1996 haute couture collection. Mouna Ayoub, the renowned socialite and collector of Chanel haute couture, gracefully parted with this exquisite garment for an impressive €312,000.



The stunning evening coat, resembling the ornate Coromandel screens that founder Gabrielle Chanel held dear, captivated bidders with its timeless elegance and meticulous craftsmanship. With an estimated value between €150,000 and €200,000, Ayoub's sale outperformed expectations and showcased the enduring allure of Chanel's legacy.


Ayoub's decision to part ways with her cherished Chanel pieces was driven by her desire to pass on the fashion baton to a new generation, ensuring Karl Lagerfeld's impeccable designs continue to be appreciated by discerning fashion enthusiasts. "I really want to give the young generation that didn't know Karl and didn't have the chance to own any haute couture pieces by Karl to own them and wear them and love them like I did," she expressed with warmth.


Parting with her esteemed collection was a heartfelt decision for Ayoub, who took meticulous care of her precious Chanel garments. Her dedication was reflected in their impeccable condition, with each piece stored under museum-caliber conditions. To Ayoub, these garments represented not just fashion, but also art, showcasing the exceptional talent and craftsmanship that define the world of haute couture.


The auction, held at the prestigious Pavillon Gabriel in Paris, saw international buyers eagerly vying for a chance to own a piece of fashion history. As Maurice Auction reported, an impressive 75% of the lots were claimed by buyers from around the world, highlighting the global reach and timeless appeal of haute couture.


Beyond the glamour of the Chanel auction, another fashion event caught the industry's attention. Celebrated British designer Phoebe Philo, known for her transformative tenure at Celine, unveiled the second delivery of her highly anticipated signature collection. Phoebe Philo's return to the fashion scene generated unprecedented excitement, and her designs have been met with fervent demand.



Iconic Chanel Coat Sells for €312,000 While Phoebe Philo Restocks

Philo's approach to fashion challenges the conventional industry calendar, as she embraces a seasonless and continuous body of work. Her unique perspective has garnered praise and created a sense of anticipation amongst fashion insiders. The first delivery of her collection, spanning ready-to-wear, footwear, handbags, jewelry, and eyewear, achieved remarkable sell-out success.


As Phoebe Philo forges her own path, her designs effortlessly blend timeless elegance with contemporary sensibilities. With price points ranging from £1,400 to £25,000, her collection appeals to a diverse range of luxury fashion consumers.


The allure of high-end fashion shows no signs of waning, and these recent events serve as a testament to the passion and dedication of both fashion collectors and modern designers. They remind us that the world of fashion is vibrant, ever-evolving, and alive with creativity and extraordinary craftsmanship.


Fashion lovers and enthusiasts can continue to explore the world of fashion through Fashionablyin, a platform that celebrates the dynamism of the industry and provides valuable insights and resources for industry professionals and fashion enthusiasts alike.


References :- Chanel

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