What’s next for Kate Spade?

Kate Spades jewelry will be auctioned off at a charity event on August 31, the company announced.

The company said the auction will be held at the Adelaide Museum and Community Centre, and will be hosted by the Adelaide Fashion Council.

In a statement, it said the event will be attended by members of the fashion community and the community itself.

“Kate Spade has been known to take her time, which is why we are so grateful for her many years of inspiration, friendship and service to the community,” the statement read.

Kate Spades has been named one of the “Best of the 20th Century” by TIME magazine. ABC/AAP