Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Heidi Horten"


5 mentions found


CNN —The sale of over 400 pieces of jewelry once owned by late art collector Heidi Horten broke records at a series of auctions earlier this year. But amid ongoing criticism from Jewish advocacy groups and human rights organizations over the source of the Austrian billionaire’s wealth, Christie’s auction house announced Thursday that it has canceled the final part of the controversial sale. (Christie’s had initially predicted that Horten’s entire collection, featuring over 700 jewels, would sell for over $150 million.) Prior to May’s sales, the American Jewish Committee had called for the auction to be put on hold until “a serious effort” was made to investigate the Hortens’ wealth. The Heidi Horten Collection did not respond to CNN’s request for comment.
Persons: Heidi Horten, Helmut, ” Christie’s, , ” Anthea Peers, Christie’s, Van, Helmut Horten, Forbes Organizations: CNN, American Jewish Committee, Twitter, Washington D.C, Locations: Austrian, Nazi Germany, German, Europe, East, Africa, Geneva, Switzerland, Nazi, Washington, Vienna, Austria
Christie’s announced on Thursday that a second sale of jewelry from the collection of the Austrian heiress Heidi Horten had been canceled, citing the “intense scrutiny” that the auction house had faced from Jewish organizations and some collectors. Helmut Horten died in 1987 and Heidi Horten in 2022. The Heidi Horten Foundation said then that the proceeds would go toward medical research and to a Vienna museum dedicated to artwork the couple had owned. But some historians found the auction house’s decision to move forward with the sale distasteful, and employees had raised concerns internally about tarnishing its reputation. After the criticism, Christie’s added information to the auction materials saying that Helmut Horten had bought Jewish businesses that were “sold under duress,” and said the auction house would donate a portion of the proceeds to Holocaust research and education.
Persons: Christie’s, Heidi Horten, Helmut Horten, Organizations: New York Times Locations: Austrian, Vienna
CNN —Hundreds of jewels once owned by late Austrian billionaire Heidi Horten have fetched a combined 176 million Swiss francs ($196 million) to become the most expensive private jewelry collection ever to appear at auction. Heidi Horten pictured wearing the Briollete of India necklace, which sold for 6.3 million Swiss francs ($7 million). The most valuable lot, a ruby and diamond Cartier ring that is “pigeon blood” in color, fetched just over 13 million Swiss francs ($14.5 million), despite Christie’s expecting bids as high as 18 million Swiss francs ($20 million). A 90-carat “Briolette of India” diamond necklace by jeweler Harry Winston also came in below estimate, selling for 6.3 million Swiss francs ($7 million). courtesy Christie'sElsewhere, however, a Bulgari diamond ring more than doubled its high estimate to fetch 9.1 million Swiss francs ($10.1 million).
The collection, acquired between the early 1970s until Horten's death last year, is also comprised of more than 100 Bulgari pieces. "What's important is that we have been completely transparent," Rahul Kadakia, international head of jewellery at Christie's, told Reuters. Christie's said it would make a "significant contribution" from its final proceeds to Jewish organisations to advance Holocaust research and education. "Of course we cannot erase history," said Max Fawcett, head of the jewellery department at Christie's in Geneva. Christie's will auction 400 pieces in Geneva on Wednesday and Friday and hold an online sale.
One standout piece, the “Briolette of India,” includes a 90-carat diamond and carries a high estimate of $7.8 million. They are among the 700 jewels from the estate of an Austrian heiress that will go on sale at Christie’s on May 3 as part of one of the largest jewelry sales in history. The proceeds are to benefit a charitable foundation established by Horten, whose husband, Helmut, was a German retailing billionaire whose specialty was department stores. “It’s one of the most beautifully curated collections that will ever come up in the jewelry world,” said Anthea Peers, president of Christie’s Europe, Middle East and Africa. That’s important for the estate and for us.”
Total: 5