Press Release London

For Immediate Release

London | +44 (0)20 7293 6000 | Matthew Weigman | Matthew.Weigman@sothebys.com Leyla Daybelge | Leyla.Daybelge@sothebys.com | Mitzi Mina | Mitzi.Mina@Sothebys.com

THE JEWELLERY COLLECTION OF THE LATE MICHAEL WELLBY MAKES THREE TIMES ESTIMATE IN 2.8 MILLION WHITE GLOVE SALE

An important diamond devant de corsage sold for 385,250, est. 60,000-80,000

This afternoon at Sothebys London the Jewellery Collection of the Late Michael Wellby made an outstanding total of 2,836,300 more than three times the pre-sale low estimate of 838,600-1,194,100, in a rare white glove auction in which all 211 lots were sold. Collectors competed fiercely for key pieces. The sales top lot was an important late 18th Century diamond devant de corsage, which keen bidding drove to 385,250 more than six times low estimate (60,000-80,000). A 19th century wheat sheaf diamond tiara also outstripped expectations sixfold, fetching 373,250, against an estimate of 60,000-80,000. Mr Nicholas Wellby commented: We are delighted, and even a little surprised at the result of todays sale. My father put together his collection over many years and it is wonderful to see how his unerring eye for quality and craftsmanship resonated with collectors. We were particularly pleased with the price achieved for the wheatsheaf tiara which was a great favourite and beloved by many generations of children in the family.

Alexandra Rhodes, Senior International Jewellery Specialist at Sothebys commented: Todays result was a tribute to Michael Wellby and his remarkable collection. We witnessed an extraordinary level of interest from international buyers, - on the phone, in the room and online - with bidding becoming, at times, almost frenzied. This has been an enormously successful year for jewellery internationally at Sothebys with outstanding results in our sales in Hong Kong, Geneva and New York and following the 100% sold Suzanne Belperron sale in Geneva in May, this is our second white glove sale of 2012.

Other highlights of the sale included: A Tiffany & Co. diamond bracelet, circa 1930, sold for 127,250, against an estimate of 40,000-60,000. A late 19th Century natural pearl, gem set and diamond brooch/pendant by Georges Fouquet realised 97,250 (est. 12,000-15,000). A Southern Italian 17th century gold, baroque pearl, enamel and diamond pendant fetched 79,250 (est.30,000-40,000). A natural pearl, enamel and diamond pendant circa 1900 reached 79,250 nearly 10 times pre-sale estimate (8,000-12,000). A late 19th century ruby and diamond bracelet realised, 56,450, 14 times estimate (4,000-6,000) A 1920s enamel, lapis lazuli and diamond bracelet made 56,450 (12,00015,000)

Images Available Via Email

+44 (0)20 7293 5000 F +44 (0)20 7293 5989 WWW.SOTHEBYS.COM

Sale Results
Sale L12055 The Wellby Jewellery Collection Grand Total (Including Buyer's Premium): Sold by Lot: Sold by Value: Lot 3,487,676 GBP (5,606,090 USD)

London, Bond St
Exch Rate: 11 DEC 12 1.61

100.0% 100.0%

Lots Offered: Lots Sold/Unsold: Estimate (GBP) Buyer Anonymous

210 210 / 0

Price (GBP)

28 385,250 ($619,251) 60,000 - 80,000 An important diamond devant de corsage, late 18th Century

166 373,250 ($599,962) 60,000 - 80,000 European Private An attractive diamond wheat sheaf tiara, second half of 19th Century 209 127,250 ($204,542) 40,000 - 60,000 Diamond bracelet, Tiffany & Co., circa 1930 International Trade

167 97,250 ($156,320) 12,000 - 15,000 Private Natural pearl, gem set and diamond brooch/ pendant, Georges Fouquet, late 19th Century 6 79,250 ($127,386) 30,000 - 40,000 Anonymous Gold, baroque pearl, enamel and diamond pendant, Southern Italian, 17th Century 173 79,250 ($127,386) 8,000 - 12,000 Natural pearl, enamel and diamond pendant, circa 1900 207 56,450 ($90,738) 12,000 - 15,000 Enamel, lapis lazuli and diamond bracelet, 1920s European Private Anonymous

169 51,650 ($83,022) 12,000 - 15,000 Anonymous Turquoise, natural pearl, enamel and diamond pendant necklace, Gautrait, circa 1900 189 51,650 ($83,022) 5,000 - 7,000 Anonymous Natural pearl and diamond pendant necklace, early 20th Century 164 46,850 ($75,307) 15,000 - 20,000 Emerald and diamond necklace, mid-19th Century UK Trade

Specialist in Charge Alex Rhodes

Press Office Contact:Leyla Daybelge

Please note all prices include buyer's premium. Sale session totals are net aggregate figures plus premiums. Sotheby's buyer's premium is 25% of the hammer price on the first 25000, 20% of the hammer price up to and including 500000, and 12% thereafter on each lot. **Estimates do not include buyer's premium** SOTHEBY'S: REGISTERED AT THE ABOVE ADDRESS NO. 874867