Showing posts with label auction. Show all posts
Showing posts with label auction. Show all posts

PostHeaderIcon A pink diamond for $5 to $7 million



Elizabeth Taylor must be paying attention.

Set to be sold in Hongkong this coming December is a pinck diamond from Graff Diamonds with the right C's. The precious stone is expected to sell between $5 to $ million---to rival a similar rare gem which sold in 1994 for $7.4 million in Geneva.---Source & Photo Credit: Reuters/ Christies’ Handout.=0=

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PostHeaderIcon Claiming poverty, Imelda Marcos seeks the return of her P15 billion jewels



After complaining that she is dirt poor, Imelda Marcos demands that the Presidential Commission on Good Government (PCGG) return her P15 billion jewel collection confiscated from her during her husband’s fall from power. Mrs. Marcos is seeking the gem collection which was taken from her by the government as part of her accumulated ill-gotten wealth.

The PCGG divided the jewelry collection into three: The Malacañang collection, which includes pieces confiscated from the Palace after the Marcos family fled from the People Power revolt in 1986; the Hawaii collection seized by the American Customs; and the Roumeloites collection that the Bureau of Customs seized from a Greek national.---PDI (06/15/09, Torres, T; Tandoc, E. Jr.)

In 2007, the PCGG planned to auction the state-sequestered assets to bring about P30 billion for the government, but such plan did not materialize. Government authorities who for more than 20 years did not rule on the timely disposition of the jewelry are just about to study if the valuables should rightfully be returned to Marcos. (Photo Credit: newsflash.org) =0=

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PostHeaderIcon April yard sale of Michael Jackson’s glitzy memorabilia in Beverly Hills faces lawsuit





Controversy has been sparked by forthcoming auction of some 2,000 items of Michael Jackson’s interesting memorabilia from his once-glorious 2,800 acre fantasy estate, the Neverland. The sale pieces which have been exhibited in the Newbridge Silverware Museum in Ireland drew crowds of Jackson's curious fans and admirers.

Set in April in Beverly Hills in California, Darren Julien, president of the the Julien Auctions said it is moving ahead with the 4-day sale slated on April 22 to 25, 2009, in spite of demands from Jackson’s representatives and lawyers to postpone the sale because of “danger” posed on the auctioneers. The company handling the sale hopes it will prevail over in a lawsuit in which Jackson asserted he did not give permission to sell many of his personal belongings.

Included in the sale are Jackson’s personal items, decorative arts, and fascinating antiques which are estimated to raise $10 to $20 million---- cash that the legendary King of Pop badly needs at this time of financial difficulty. Five percent of the sale will be allotted to charity. (Photo Credit: LA Times/ AFP/ Getty Images x 2; European Pressphoto Agency)=0=



RELATED BLOG: "Michael Jackson's white sequined glove for sale" Posted by mesiamd at 12/15/2008

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