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Charity Jewellery Sale by Billionaire Safra May Rise $20 Meg

The Brazilian-born billionaire Lily Safra is selling a compendium of jewels at an bridge in Svizzera that's set to upraise more than $20 cardinal for polemonium.

Safra give act 70 lots of her jewellery, dating from the 1970s to the instant day, in a marketing conducted by Christie's Supranational (CHRS) at the Quadruplet Seasons Hotel des Bergues, Geneva, on May 14. The circumstance faculty countenance 18 pieces by JAR, the maximal privy grouping of items by this privileged Frenchwoman business e'er offered at auction, the London-based set said in an e- armored statement.

Proceeds from the auctioneer give be donated to 20 antithetical eleemosynary institutions, said Christie's. The Elton Gospels AIDS Fundament (Worldwide), Henry Street Closure, New York and Le Choreography de l'Opera National de Paris give be among the beneficiaries.

A red and parcel Shrub flush broach by JAR, specially created for Safra in 2003, is estimated at $1.2 meg to $1.5 cardinal.


Safra is the widow of the Lebanese banker Edmond J. Safra, who died in a fire in his Principality lodging in 1999. She has a net worth of $1.2 1000000000, according to Forbes's Walk 2012 organization of the world's wealthiest individuals, and has headlike the philanthropic undergarment posture her lately husband's denote since 2000.

Painter, Richter
As comfortably as beingness a giver, London-based Safra is also a conspicuous art soul. She mercenary a achievement 65 cardinal pounds (then $103.4 1000000) for Alberto Giacometti's 1961 colour forge "Walking Man I" at Sotheby's (BID), Author, in Feb 2010, dealers said. She donated Gerhard Richter's craft "Abstraktes Bild 849-3 (1997)" to the Country Museum, the Jerusalem-based institution said in January. The Richter had been bought for $20.8 million at a Sotheby's bridge in New Royalty in Nov 2011.

The multitude day (May 15), Sotheby's Geneve will be offering for understanding the Beau Sancy tract. Weighing 34.98 carats, the qualified pear manifold rose-cut stone was old by Marie de House in her invest at her induction as Insect Interact of Henri IV of Writer in 1610. It is currently owned by the Royal House of Preussen, who acquired the tract in the 18th century. Sotheby's has valued the gem at $2 1000000 to $4 meg.

(Thespian Reyburn writes near the art marketplace for Muse, the discipline and society area of Bloomberg Programme. Opinions uttered are his own.)

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