June 14, 2006
Bidders Clamor for Royal Jewels
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On Tuesday, bidders paid 100 times the advance estimate for 192 pieces of the late Princess Margaret's jewelry, including the tiara she wore at her wedding to Lord Snowdon-- it fetched $1.7 million. The Christie's auction continues Wednesday, when furniture and decorative items will be offered. They are being sold by Margaret's children, Viscount David Linley and Lady Sarah Chatto, who plan to use proceeds to pay a $5.5 million estate tax.
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