Both Estee Lauder and her daughter-in-law Evelyn H. Lauder left sparkling legacies behind, and now their jewelry will be auctioned off to fight breast cancer.
Sotheby’s will auction off more than 90 pieces of the women’s jewelry in two events, starting with 35 of some of the most glamorous pieces on Dec. 5 as part of the auction house’s Magnificent Jewels event. Another 60 lots will go up for auction on Feb. 4, in a nod to Valentine’s Day, as part of the “Important Jewels” sale. The proceeds — expected to total about $13 million — will go to the Breast Cancer Research Foundation, an organization founded and championed by Evelyn Lauder.
Lisa Hubbard, cochairman of Sotheby’s International Jewelry Collection, said in general, these jewelry collections “give you a window into the world of the women who wore them.” In the case of the Lauders, these were businesswomen “with incredible careers moving through a world of influence,” Hubbard said. As a result, some of the pieces could be worn in the day and others definitely needed the glamour of evening.
One diamond necklace, owned by Estée Lauder, required some detective work. In 1951, the Duchess of Windsor bought a 47.4-carat yellow diamond at Harry Winston. Hubbard said Sotheby’s archivists found a Cecil Beaton photograph showing the duchess at the Rothschild’s Proust ball in 1971, wearing the ring. Apparently, sometime in the Seventies, the duchess sold it to her friend Estée Lauder who had the yellow heart-shaped diamond hung on a necklace of diamonds, weighing a total of 95 carats. It is estimated to fetch $1.5 million to $2 million at the December auction. But because of its provenance, Hubbard says it has the potential to bring “considerably more.”
Another standout is a “potentially flawless” 22.16-carat diamond ring by Graff that Hubbard described as so pure that “it’s whiter than white.” Owned by Evelyn Lauder, it is expected to raise $3 million to $4 million. She also owned a 6.4-carat pink diamond ring, made by Oscar Heyman & Brothers, that is rated at $4 million to $5 million. Pink is one of the rarest of colors of diamond, Hubbard said, and this is classified as Fancy Intense. It also fits in with the pink theme of the breast cancer crusade, she noted, adding that “not all pink diamonds are equal.” Hence the high estimate.
“Each piece of jewelry is unique and very special,” said Leonard A. Lauder, chairman emeritus of the Estée Lauder Cos. Inc. and acting chairman of the BCRF. “They were each designed to be timeless pieces. I know that both my mother Estée and my dear wife Evelyn would be pleased that these items are being sold to raise funds for the [BCRF].
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion