Christie's did not meet its expectation of earning over $150 million from the sale of roughly 700 pieces of jewelry formerly belonging to late Austrian heiress Heidi Horten, after Jewish groups heavily criticized the sale for its links to Nazi Germany.
The collection had been deemed"one of the greatest jewelry collections" by Christie's, who expected to fetch roughly $156 million but settled for $139 million at the sale in Geneva, according to a report.Horten's sapphires, emeralds, pearls, and diamonds featured in the Wednesday auction, including the 90-carat"Briolette of India" diamond.
The jewelry was first acquired beginning in the 1970s, but Helmut Horten's wealth was, in large part, the product of purchasing"Jewish businesses that were sold under duress," according to the report. "We are selling this collection in its identity with the name Horten. It's not being sold as an anonymous collection."
France Dernières Nouvelles, France Actualités
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