Jewels owned by the late billionaire Heidi Horten, whose first husband purchased Jewish businesses sold under duress during the Nazi era, fetched a combined $196 million.
Hundreds of jewels once owned by late Austrian billionaire Heidi Horten have fetched a combined 176 million Swiss francs to become the most expensive private jewelry collection ever to appear at auction. The sale smashed a record set over a decade ago by the collection of Elizabeth Taylor, whose gems racked up nearly $116 million in New York in 2011. Last week’s auction went ahead despite concerns raised by Jewish groups about the source of Horten’s wealth.
Christie’s also said that proceeds will go to The Heidi Horten Foundation, which supports The Heidi Horten Collection, the museum she established in Vienna, Austria, before her death, as well as medical research, child welfare and other philanthropic causes. The two-day sale, which took place last week at the Four Seasons Hotel des Bergues in Geneva, Switzerland, is accompanied by an online auction that concludes Monday. Another online auction will take place in November.
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