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Escada

Lot 227: ESCADA Robe du soir en taffetas rose

Le Brech & Associés

December 13, 2010
Paris, France

More About this Item


Description

ESCADA Robe du soir en taffetas rose corsage à motifs floraux pailleté rose et jaune

Notes

Founded: by Wolfgang and Margarethe Ley (died 1992) in Munich, 1976.
Company History: Expanded throughout Germany, then into U.S., 1982; company went public, 1986; began opening retail stores in Europe and U.S., from 1987; granted license for Nino Cerruti womenswear, 1989; Escada leather goods, from 1990, and Apriori bridge line, from 1991; purchased U.S.-based St. John Knits, 1991; formed cosmetics division, Escada Beauté, 1991; Michael Stolzenburg succeeded Ley as designer, 1992-94; St. John Knits sold, 1993; Todd Oldham named creative consultant, 1995; debut of first Escada Couture collection, 1995; Escada Sport formed, 1996; acquired Parfums Gres, 1998; Escada Golf line launched, 1999; company reorganized, 2000; Dinh Vang Co. Ltd. named exclusive distributor for brand in Vietnam, 2001; partnered with SECON Group to buy Louis Féraud, 2001; fragrances include Escada Margaretha Ley introduced in U.S., 1990, in Germany and UK, 1991; Escada Pour Homme, 1993; Chiffon Sorbet (seasonal scent-summer), 1993; En Fleur, 1997; Grain de Folie, 1998; Collection (seasonal-winter) and Sunny Frutti (seasonal-summer), 1998; Casual Friday for men, 1999; Loving Bouquet (summer), 1999; Lily Chic (summer) 2000; Tropical Punch (summer) 2001; Sentiment, 2001; lines include Laurél, Primera, and Kemper/Cerruti brands.
Awards: Dallas Fashion award, Best Designer Sportswear, 1986; Fragrance Foundation award, 1990; Dallas Fashion award, for Fashion Excellence, 1998; Wolfgang Ley awarded the Officer's Cross of the Order of Merit (1st Class), Federal Republic of Germany, 1999.
Company Address: Margaretha-Ley-Ring 1 D-85609 Aschheim bei München, Germany.
Company Website:www.escada.com.
The Escada group was founded in 1976 near Munich, Germany, by Wolfgang and Margarethe Ley. The company took its name from an Irish thoroughbred racehorse and both Leys were betting on their enterprise to win. The group designs, produces, and distributes high quality women's fashion, marketed worldwide to leading fashion stores and proprietary boutiques. Apart from Escada by Margarethe Ley, which included apparel, luggage, fragrance, and accessories, the group's other labels have included Cerruti 1881, Crisca, Kemper, Laurel, Apriori, Seasons, Natalie Acatrini, Marie Gray, Schneberger, and St. John (sold in 1993).
Margarethe Ley was the chief designer for the group until her death in 1992. She strongly adhered to the belief that a designer must never rely solely on creative talent to be a success; creativity must be balanced by a strong market appeal. Ley created a highly distinctive identity for Escada-clean, slick, and sophisticated. She also pioneered the development of exiciting new fabric combinations and color schemes when so many other designers were solidly into black.
When Ley died, she was succeeded by Michael Stolzenburg who brought a younger, more modern perspective to the company. Taking his influence from daily life, he believed the balance of a collection relied on the mix of tried and true design and fresh new ideas. He was backed by a strong team of designers, chiefly from British and German fashion schools. During this time Escada also spearheaded an unusual fragrance turn, producing the company's first "seasonal" scent. The earliest concoction, Chiffon Sorbet, was a summer fragrance and had been marketed only through the summer months in 1993. The seasonal gambit garnered attention, yet 1994 brought the untimely death of Stolzenburg. The firm turned to Todd Oldham to serve as the company's creative consultant in 1994, the same year Escada Sport was launched. Oldham's creations were enthusiastically received, and in 1995 both Escada Knit and Classic Elements became available in the company's wide spectrum of colors and fabrics.
In the late 1990s Escada launched an eyewear collection with Airess, its first major licensing deal, then followed with a slew of accessories including jewelry, lingerie, shoes, scarves, and ties. New fragrances, both traditional and the experimental seasonal scents, were also introduced including the Escada Sport trio (Sport Spirit, Feeling Free, and Country Weekend, 1997), En Fleur (1997, and later brought out in a compact design in 1999), Casual Friday (1999), Loving Bouquet (a seasonal installment, 1999), and Sentiment (2001).
In the early 2000s Escada had over 375 boutiques worldwide, including new boutiques in Paris and Kuala Lumpur, and was relocating its New York flagship store to larger digs on Fifth Avenue. The luxury retailer was considered the world's largest ready-to-wear producer with some 1,500 different styles available each year, and to increase its marketshare further, Escada entered into a joint venture in the summer of 2001 with the SECON Group, each buying a 45-percent stake in Louis Féraud. The entrepreneurial spirit of founders Wolfgang and Margarethe Ley is alive and well in the enduring success of Escada.

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Accepted forms of payment: Other, Personal Check, Wire Transfer

Shipping

We strongly advise the purchasers to withdraw their purchase at their earliest convenience in order to avoid storage rent fees. On any ground may neither S.V.V. LE BRECH & ASSOCIES nor the expert be hold responsible for stored items.

In case purchases are paid by check or money transfer, items may be delivered upon final collection. Once the auction is hammered, the buyer becomes responsible for his purchase. The buyer is solely in charge for insuring his purchase and S.V.V. LE BRECH & ASSOCIES is not liable for any damages the lot may incurred once the sale is hammered.

Shipment is conducted under the entire responsibility of the buyer. S.V.V. LE BRECH & ASSOCIES may carry out the shipment under the following conditions:

1 - A written note from the buyer to S.V.V. LE BRECH & ASSOCIES is required. It must exonerate S.V.V. LE BRECH & ASSOCIES from any liability that may incur to the item during transportation.

2 - A markup packing fee depending on the value and the size of the item will be added to the shipping costs. The buyer is responsible for choosing his/her shipping company and for the organization of the shipment. S.V.V. LE BRECH & ASSOCIES may propose a list of carriers, with no contractual commitment. Getting an export license requires a 5 to 10 week deadline that may be reduced depending on how fast the buyer will instruct S.V.V. LE BRECH & ASSOCIES on his/her decisions.

Buyer's Premium

24.0%

From: To: Increment:
€0 €99 €10
€100 €399 €20
€400 €999 €50
€1,000 €1,999 €100
€2,000 €4,999 €100
€5,000 €9,999 €200
€10,000+ €500

Extended Bidding

5 minutes/bid

Conditions of sale

Purchased lots will become available only after payment in-full has been made. The sale will be conducted in Euros.

Purchasers will pay in addition to the hammer price, a buyer's premium of 17,58 % VAT excluded or 21 % VAT included (+ internet premium bid 3%).

GUARANTEES

The auctioneer is bound by the indications in the catalogue, modified only by announcements made at the time of the sale noted in the legal records thereof.

An exhibition prior to the sale permits buyers to establish the conditions of the works offered for sale and no claims will be accepted after the hammer has fallen. Some difference may appear between the original work and its illustration, there will be no claims in such matter.

The measurements are given only as an indication.


BIDS

Should the auctioneer recognize two simultaneous bids on lot, the lot will be put up for sale again and all those present in the saleroom may participate in this second opportunity to bid.

Absentee bids

If you wish to make a bid in writing, you should use the form included in this catalogue, accompanied by your bank references, to be received by us no later than two days before the sale.

Telephone bids

If you wish to bid by telephone, please make your request to be called in writing, accompanied by your bank references, to be received by us no later than two days before the sale.


COLLECTION OF PURCHASES

Buyers are advised to collect successful lots as soon as possible to avoid handling and storage costs which may be incurred at their expense. S.V.V. LE BRECH & ASSOCIES is not responsible for the storage of purchased lots.

If payment is made by check or by wire transfer, lots may not be withdrawn until the payment has been cleared. From the moment the hammer falls, sold items will become the exclusive responsibility of the buyer. The buyer will be solely responsible for the insurance; S.V.V. LE BRECH & ASSOCIES assumes no liability for any damage to items which may occur after the hammer falls.

An export license can take five or ten weeks to process, although this time may be significantly reduced depending upon how promptly the buyer supplies the necessary information to S.V.V. LE BRECH & ASSOCIES

RELEVÉ D'IDENTITÉ BANCAIRE
BNP PARIBAS- PARIS
AGENCE CENTRALE (0028)
30004 00828 00011415501 76
IBAN FR 76 3000 4008 2800 0114 1550 176
BIC : BNPAFRPPPAC
CRAZY BID

By exemption, clause 14 from law from the 10th of July 2000 stipulates: «Should the buyer fail to pay the amount due, and after notice to pay has been given by S.V.V. LE BRECH & ASSOCIES to the buyer without success, the lot is re-offered for sale at the seller's request, under the French procedure known as "procédure de folle enchère"(crazy bid). If the seller does not make this request within two months from the date of the sale, the sale will be automatically cancelled, without prejudice to any damages owed by the defaulting buyer».

FAILING RECEIPT OF PAYMENT

If the buyer fails to pay the hammer price and fees, a formal notice will be sent to him buyer by certified mail with acknowledgement of receipt.

Unless payment is received within 10 days following the reception of this formal notice, additional fees of 10% on the hammer price, with a minimum of €250, will be applied in order to cover the recovery expenses.

Enforcement of this stipulation does not prevent from granting financial damages and at the expense of the procedure that it would require, and does not prejudge a potential crazy bid may be carried out.


STORAGE AND SHIPPING

We strongly advise the purchasers to withdraw their purchase at their earliest convenience in order to avoid storage rent fees. On any ground may neither S.V.V. LE BRECH & ASSOCIES nor the expert be hold responsible for stored items.

In case purchases are paid by check or money transfer, items may be delivered upon final collection. Once the auction is hammered, the buyer becomes responsible for his purchase. The buyer is solely in charge for insuring his purchase and S.V.V. LE BRECH & ASSOCIES is not liable for any damages the lot may incurred once the sale is hammered.

SHIPPING

Shipment is conducted under the entire responsibility of the buyer. S.V.V. LE BRECH & ASSOCIES may carry out the shipment under the following conditions:

1 - A written note from the buyer to S.V.V. LE BRECH & ASSOCIES is required. It must exonerate S.V.V. LE BRECH & ASSOCIES from any liability that may incur to the item during transportation.

2 - A markup packing fee depending on the value and the size of the item will be added to the shipping costs. The buyer is responsible for choosing his/her shipping company and for the organization of the shipment. S.V.V. LE BRECH & ASSOCIES may propose a list of carriers, with no contractual commitment. Getting an export license requires a 5 to 10 week deadline that may be reduced depending on how fast the buyer will instruct S.V.V. LE BRECH & ASSOCIES on his/her decisions.

Contract

Purchased lots will become available only after payment in-full has been made. The sale will be conducted in Euros.

Purchasers will pay in addition to the hammer price, a buyer's premium of 17,58 % VAT excluded or 21 % VAT included (+ internet premium bid 3%).

Payment

By exemption, clause 14 from law from the 10th of July 2000 stipulates: «Should the buyer fail to pay the amount due, and after notice to pay has been given by S.V.V. LE BRECH & ASSOCIES to the buyer without success, the lot is re-offered for sale at the seller's request, under the French procedure known as "procédure de folle enchère"(crazy bid). If the seller does not make this request within two months from the date of the sale, the sale will be automatically cancelled, without prejudice to any damages owed by the defaulting buyer».

If the buyer fails to pay the hammer price and fees, a formal notice will be sent to him buyer by certified mail with acknowledgement of receipt. Unless payment is received within 10 days following the reception of this formal notice, additional fees of 10% on the hammer price, with a minimum of €250, will be applied in order to cover the recovery expenses. Enforcement of this stipulation does not prevent from granting financial damages and at the expense of the procedure that it would require, and does not prejudge a potential crazy bid may be carried out.

Storage and Shipping

We strongly advise the purchasers to withdraw their purchase at their earliest convenience in order to avoid storage rent fees. On any ground may neither S.V.V. LE BRECH & ASSOCIES nor the expert be hold responsible for stored items.

In case purchases are paid by check or money transfer, items may be delivered upon final collection. Once the auction is hammered, the buyer becomes responsible for his purchase. The buyer is solely in charge for insuring his purchase and S.V.V. LE BRECH & ASSOCIES is not liable for any damages the lot may incurred once the sale is hammered.

Shipment is conducted under the entire responsibility of the buyer. S.V.V. LE BRECH & ASSOCIES may carry out the shipment under the following conditions:

1 - A written note from the buyer to S.V.V. LE BRECH & ASSOCIES is required. It must exonerate S.V.V. LE BRECH & ASSOCIES from any liability that may incur to the item during transportation.

2 - A markup packing fee depending on the value and the size of the item will be added to the shipping costs. The buyer is responsible for choosing his/her shipping company and for the organization of the shipment. S.V.V. LE BRECH & ASSOCIES may propose a list of carriers, with no contractual commitment. Getting an export license requires a 5 to 10 week deadline that may be reduced depending on how fast the buyer will instruct S.V.V. LE BRECH & ASSOCIES on his/her decisions.

Premium

Purchasers will pay in addition to the hammer price, a buyer's premium of 17,58 % VAT excluded or 21 % VAT included (+ internet premium bid 3%).

VAT and taxes

Purchasers will pay in addition to the hammer price, a buyer's premium of 17,58 % VAT excluded or 21 % VAT included (+ internet premium bid 3%).

Guarantees

The auctioneer is bound by the indications in the catalogue, modified only by announcements made at the time of the sale noted in the legal records thereof.

An exhibition prior to the sale permits buyers to establish the conditions of the works offered for sale and no claims will be accepted after the hammer has fallen. Some difference may appear between the original work and its illustration, there will be no claims in such matter.

The measurements are given only as an indication.

About the Artist

Escada