Department of Tourism urged to put Imelda Marcos’ jewelry collection on museum display before they’re sold
It’s supposedly worth $10 million to $20 million.
Gil Cabacungan of the Philippine Daily Inquirer reports that the Presidential Commission on Good Government (PCGG) is urging the Department of Tourism (DOT) to exhibit the jewelry collection of former first lady Imelda Marcos at the Metropolitan Museum in Manila before they are sold by foreign auction houses such as Sotheby's.
According to the report, PCGG chairman Andres Bautista "is looking at the exhibition and sale of the jewelry collection as part of the PCGG's swan song in preparation for the agency's imminent phase-out." He said he has broached the idea of putting the jewels on display at a museum to DOT secretary Ramon Jimenez as early as March 2013.
Marcos' jewelry collection, whose worth is estimated between $10 million and $20 million, is currently kept at the vault of the Bangko Sentral ng Pilipinas. Bautista said Sotheby's has gotten in touch with the PCGG to discuss the possibility of auctioning off the gems.
For more on this story, log on to Inquirer.net.