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Christie s Will Auction More Than 100 of Karl Lagerfeld s Chanel Jewels
Courtesy of the personal collection of Susan Gutfreund. Pascal Le SegretainGetty Images
Unsurprisingly, when Karl Lagerfeld died in 2019, the value of (and interest in) Chanel pieces on the secondary market skyrocketed. It s a well-known phenomenon, especially in the art world, called the death effect : the idea that the value of artists works will appreciate after their passing. Simple supply versus demand.