The brand has also confirmed a collaboration with Alexander Wang.
The Museum of Arts and Design will showcase fashion in three different exhibitions, the first of which bows in early April.
Ocleppo Hilfiger will become the brand’s co-owner, collaborator, global brand ambassador and creative director.
The label — famous for its bejeweled minaudières — is eager to capture an edgier, younger consumer.
Personal belongings, Billy Haines furniture and Van Cleef & Arpels jewelry will be among the items auctioned at Christie’s in New York.