Mother of Pearls

May 2nd, 2008 · No Comments

NecklaceArab Singer’s Necklace Fetches $1.3 Million

Christie’s Dubai branch said that an anonymous buyer from the Middle East bought the piece of Umm Kulthoum’s (pictured with the neclace) jewelry for $1.38 million, the AP reports.

The London-based auction house did not want to reveal the identity of the buyer, the AP reports. He bought the nine-strand necklace at a price 10 times its $120,000 estimated value the auction house set, which did not take into an account its immense emotional value.

Tags: Great Speculations