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A Fashionista’s Fantasy: Chanel, Dior and Louis Vuitton Runway Auction

$25 million in new and exclusive Chanel, Dior, Gucci and Louis Vuitton apparel, accessories and jewelry — including a ring given to Elizabeth Taylor by Richard Burton — are up for sale at the world’s first runway fashion show auction on December 2.

A portion of the collection comes from an extensive group of items owned by Mary Jean Thompson, who served as Honorary Consul of Liechtenstein. In addition to the extremely limited edition and one-of-a-kind Chanel pieces, from ready-to-wear to demi and haute couture, the auction will feature highly collectible Dior, Gucci and Louis Vuitton apparel, Valentino, custom furs, fine and custom jewelry, new and mint condition handbags in original boxes, as well as a bounty of accessories owned by Thompson and other prominent private sellers. The entire collection of prized new, rare and vintage designer items has a valuation of approximately $25 million dollars. GWS Auctions hopes to attract and encourage leading designers to create a more permanent space for auctions in the world of high-end, couture fashion.

The live fashion show auction will take place at the Beverly Hills Design Institute and online at gwsauctions.com from 10am to 8pm PST. Unlike some fashion auctions, 90% of the items have no reserve and will simply be sold to the highest bidders. The pieces on the block will be available for view at a public exhibition on December 1 from 10am to 5pm. Attendees for the auction must RSVP to fashion@gwsauctions.com by close of business, November 27, as space is limited.