Ferdinand and Imelda Marcos jewellery collection under appraisal

Luigi's Nightmare

Luigi's Nightmare

2015-11-25 15:08:51

Experts from Sotheby’s and Christie’s are appraising jewellery from the collection of former dictator of the Philippines Ferdinand Marcos and his wife Imelda.

The trove consists of around 600 pieces and is being sold to recoup some of the millions of dollars stolen during the years of the Marcos regime (1965-1986).

It was recovered following the overthrow of the government in 1986.

In the past it has been valued at $5m-7m.

While there are no immediate plans to auction the collection, the Philippines’ Presidential Commission on Good Government (PCGG) explains: "This (appraisal) will significantly open the way to determining a final resolution on the said assets including the possible auction of the same.”

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