I suspect that a large part of the Gloucesters collection will hit the auction block at some point simply from the point that their children living outside of the added security of Kensington palace wouldn't countenance the insurance costs against the cash release for pieces they'd hardly wear in a life time. Though I suspect the new Duke & Duchess may retain the title's standardised requisite's.
With regard to Barnwell the Duke & Duchess have leased out the manor, moved into a cottage and farmed out the land. They've also just moved into a smaller apartment in Kensington Palace so have downsized in terms of furniture etc as well.
I do believe someone a few years ago identified some jewels that came up for auction in Geneva as having been part of the Gloucester collection. However as a very substantial collection it wasn't really noticeable.
The yearly insurance costs must be one of the the reasons for offloading. Does anyone have an idea about the cost of having such jewels kept in a bank vault or being insured annually?
Has there ever been any suggestions to indicate that the QS's diamond tiara was maybe on loan to a museum or other.
Just lets say a bank charges 3000 a month for storage of certain family and historic jewels, that amounts to some 36000.00 per year just for storage of items.
And then lets say, to have those jewels insured costs like say 60/70,000 a year. You are looking at paying out well over a 100,000 per year in maintaining items of which is not bringing in a steady income.
Added to that, these families have estates which needs to be regularly run and maintained at well over say 2/300,000 a year. Take for instance Barnwell manor the former family seat of the Dukes Gloucester. It was reported in news articles that the running of the estate was a financial challenge to the present duke and duchess and they had to relocate and later sold some of their personal effects as well.
Do we have anyone on this board who knows or may know of someone who may have the facts of the matter on the issues I guessed about at caption?
Regards,
Dave.
Its hard to believe that Queen Anne Marie had access to it for 23 years following the death of Queen Frederika and never wore it - that said of course there is the weird situation with Queen Sophie's diamond tiara which also disappeared for three decades and then suddenly reappeared for no apparent reason - I believe Crown Princess MC wore it out of the blue at an event in Denmark.
All these mysteries.
All very factual points to consider. I guess it is something that is expected in such families. The very massive sapphire jewel once known to be in King Constantine mother's 'Queen Frederica collection, was also reported to have been sold quietly.
King Constantine is reported to have negotiated a financial court settlement for former properties once owned by his family in Greece.
Dave
The sapphire has been sold by Christie's in 2003.
Kinf Constantine and the Greek family have no negotiate with the greek gouvernement, i's a décision of "La Cour Européenne des Droits de L'homme".
"L'arrêt ex-roi de Grèce et autres c. Grèce (requête n° 25701/94) est un arrêt de la Cour européenne des droits de l'homme daté du 28 novembre 2002 qui condamne la République hellénique à indemniser l'ex-roi des Hellènes Constantin II, sa sœur la princesse Irène et leur tante la princesse Catherine après avoir reconnu, le 23 novembre 2000, par quinze voix contre deux, qu’il y avait eu, à leur encontre, violation par l'État grec de l’article 1 du Protocole n° 1 (protection des biens) à la Convention européenne des droits de l’homme.
Le 28 novembre 2002, la Cour condamne la République hellénique à verser
- 12 000 000 euros de dommages à Constantin II,
- 900 000 euros à la princesse Irène
- 300 000 euros à la princesse Catherine.
Les trois requérants doivent en outre recevoir, conjointement, 500 000 euros pour frais et dépens."
https://fr.wikipedia.org/wiki/Arrêt_ex-roi_de_Grèce_et_autres_c._Grèce
https://juricaf.org/arret/CONSEILDELEUROPE-COUREUROPEENNEDESDROITSDELHOMME-20001123-2570194
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