NEW YORK—Could it be that, in her later years, she sensed the transience of earthly riches? Perhaps, because 74-year-old billionaire Lily Safra has decided to donate an estimated $20 million in precious jewelry for the benefit of 20 different charitable institutions.
Following an international tour that has already included New York and Paris earlier this month, the jewelry will be up for auction at Christie’s in Geneva, Switzerland, on May 14.
To be fair, Safra has a history of philanthropy, as does her late husband, banker Edmond J. Safra, from whom she inherited her riches. For example, the Edmond and Lily Safra Children’s Hospital in Israel is just one of the many charitable institutions and programs created by the Safras. Also on her hand-picked list, are cultural institutions such as the Paris Opera Ballet and the Royal Opera House in London.
In addition to having a heart of gold, Safra is credited as being a discerning connoisseur.
François Curiel, international head of Christie’s jewelry department, in a statement, called the sale offerings “a sublime collection of 70 rare jewels, comprising the very best in all styles, periods, and makers, from the late 18th century all the way to modern times.”
“Only a connoisseur with an eye as refined as that of Mrs. Lily Safra could have collected such an ensemble of jewels,” said Curiel.
