LONDON, UNITED KINGDOM – Valuables that once belonged to Princess Margaret, the late sister of Queen Elizabeth II, brought in $34.01 million at a Christie’s in mid-June, far exceeding presale estimates.
Among the 192 jewelry items sold at the auction were the Poltimore tiara, which the princess wore at her wedding to Lord Snowdon in 1960, and which a private Asian buyer bought for £820,000 ($14.73 million), and a Fabergé clock made in 1900 that Queen Mary presented to the princess, which went for a cool £1.2 million ($2.21 million).
The princess’s children, Viscount David Linley, and his sister, Lady Sarah Chatto, 42, want to use the money to pay off £3 million ($5.5 million) in estate taxes and donate to charity.
Via Antwerp Facets News Service (AFNS)