daphneguinness_hat.jpgAn upcoming Christie's auction featuring pieces from the late Isabella Blow's wardrobe has been cancelled after Daphne Guinness reportedly bought the entire lot.

The collection which included over 50 dresses by Alexander McQueen, items by John Galliano and 50 Philip Treacy hats was due to go under the hammer in September.

Speaking of her purchase, Daphne told the NY Times: "It's Issy - it's her DNA - it should not be scattered to the four winds. I want it to remain as a monument."

The auction was originally planned by Isabella's sisters to help settle debts on Isabella's estate.

"The executors are delighted that their sister's estate can now be settled, and are very confident the collection has found the perfect home," said Patricia Frost, Christie's director, vintage fashion and textiles.

A book to accompany the sale is still slated for publication later this year.

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