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Heidi Horten

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art-and-design2 years ago

Christie's Halts Sale of Controversial Nazi-Era Jewelry Collection

Christie's has canceled a second sale of jewelry from the collection of Austrian heiress Heidi Horten, following backlash from Jewish organizations and collectors. The initial sale in May generated $202 million but faced criticism due to the connections between the Horten fortune and Nazi-era policies. Christie's had added information to the auction materials acknowledging the purchase of Jewish businesses under duress and pledged to donate a portion of the proceeds to Holocaust research and education. However, several Jewish organizations declined the donations, leading to the cancellation of the upcoming sale scheduled for November.

via The New York Times|
#art-and-design#christies#heidi-horten
business2 years ago

Christie's faces backlash over sale of Nazi-linked jewelry collection.

Christie's is facing criticism for auctioning off jewelry from the collection of the late Heidi Horten, whose husband, Helmut Horten, built his fortune by purchasing businesses from German Jews who were forced to sell during World War II. The collection, which includes a sapphire and diamond necklace with an estimated sale price of $1.5 million, is expected to gross $150 million. While none of the jewels were looted during the war, the origins of the Horten fortune have raised ethical concerns. All proceeds from the sale will be directed to a foundation that supports philanthropic causes.

via New York Post |
#business#christies#heidi-horten
luxury-goods2 years ago

Heidi Horten's Jewelry Collection Poised to Break Auction Records.

The jewelry collection of late Austrian billionaire Heidi Horton, which includes over 700 pieces, is expected to fetch more than $150 million in total at a series of auctions in May and November, potentially breaking the record set by Elizabeth Taylor's collection in 2011. The pieces include a 90-carat diamond necklace by Harry Winston and items from luxury brands such as Cartier, Bulgari, Tiffany, and Van Cleef & Arpels. The proceeds will go to The Heidi Horten Foundation, which supports medical research, child welfare, and other causes.

via CNN|
#auction#christies#elizabeth-taylor
business2 years ago

Controversy and Competition: Christie's Jewelry Auction in the Headlines.

Christie's is set to host one of the largest jewelry sales in history, featuring 700 jewels from the estate of Austrian heiress Heidi Horten, with a predicted value of over $150 million. However, the sale has drawn criticism due to the fact that Horten's husband, Helmut, built his business empire by purchasing companies from Jews who were pressured to sell because of Nazi persecution. While the proceeds will benefit a charitable foundation established by Horten, some historians and critics argue that the sale obscures the roots of the family's fortune and more transparency is needed. Christie's has added a mention of Helmut Horten's business practices and will donate a portion of the proceeds to Holocaust research and education.

via The New York Times|
#business#christies#heidi-horten