Gallery: Inside Beyoncé and Jay-Z’s amazing lives of luxury and billion-dollar fortune (Lovemoney)It was also the most valuable charity auction at Sotheby’s in nearly 10 years, the company said.
The money is to be donated to Abloh’s Post-Modern Scholarship Fund, which he founded in July 2020 and offers scholarships to students of black, African-American and African descent.
Charles F Stewart, Sotheby’s chief executive, said: “Today’s record-breaking auction, which saw unparalleled global participation, is a testament to Virgil Abloh’s legacy as one of the most visionary artists and designers of his generation whose widespread influence and impact is still palpable. “Sotheby’s is honored to be have been a partner with Louis Vuitton and Nike in this special sale, which is now among the most successful charitable auctions ever staged at Sotheby’s. ”The Illinois-born designer’s death prompted a wave of tributes from famous fans and collaborators including Kanye West, Drake, Pharrell Williams, Victoria Beckham and Gigi Hadid.
Abloh was creative director of rapper West’s creative agency, Donda. He also made history as the first African-American to lead French luxury brand Louis Vuitton.
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