{"id":17070,"date":"2023-09-21T09:53:30","date_gmt":"2023-09-21T07:53:30","guid":{"rendered":"https:\/\/magazine.luxus-plus.com\/?p=17070"},"modified":"2023-09-21T09:53:30","modified_gmt":"2023-09-21T07:53:30","slug":"back-to-the-second-part-of-heidi-horten-jewelry-sale-cancelled-by-christies","status":"publish","type":"post","link":"https:\/\/magazine.luxus-plus.com\/en\/back-to-the-second-part-of-heidi-horten-jewelry-sale-cancelled-by-christies\/","title":{"rendered":"Back to the second part of Heidi Horten jewelry sale cancelled by Christie’s"},"content":{"rendered":"

Luxus Plus was in Geneva in May 2023 when Christie\u2019s wielded the hammer for the sale of the jewellery collection from philanthropist Heidi Horten\u2019s Estate. But despite the success record sale, which totalled CHF 180 million, the planned online continuation of the sale has now been cancelled by Christie\u2019s \u2013 because of the Horten Estate\u2019s complicated provenance with Nazi roots.<\/h4>\n

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\u201cAnd \u2026 sold!\u201d In May 2023, Christie\u2019s Geneva conducted the sale of the world\u2019s most valuable jewellery collections \u2013\u00a0The Heidi Horten collection, which was divided in individual lots.<\/span><\/p>\n

Among the highlights were the Harry Winston ‘Briolette of India’ diamond necklace (sold for CHF 6,337,000), and a Bulgari diamond and emerald ring with a fancy vivid yellow 20.92-carat diamond (sold for CHF 1,739,000). In the end 98% of the extraordinary pieces were sold to bidders around the world<\/strong>, Europe and the Middle East accounting for 50%, the Americas for 28%, and Asia for 22%. The sale amassed a total of CHF 180 million<\/strong> ($ 202 million) for philanthropic causes<\/strong>, and a continuation of the auction was planned for November<\/strong>.<\/span><\/p>\n

 <\/p>\n

Harry Winston natural and cultured pearl and coloured diamond necklace, sold for CHF 6,458,000 \u00a9<\/b>\u00a0Anders Modig<\/span><\/p>\n

 <\/p>\n

The collection was acquired by Austrian philanthropist Mrs. Horten from the beginning of the 1970s until her demise in 2022 from prestigious houses such as Bulgari, Cartier, Tiffany, Harry Winston and Van Cleef & Arpels. It was however also one of the most contested collections<\/strong>. Why? Mrs. Horten\u2019s wealth was based on an inheritance<\/strong> of her first husband Helmut Horten, whom she married in 1966. German businessman Mr. Horten, who passed away in 1987, was a known Nazi,<\/strong> laid the foundation to his wealth by buying Jewish business that were sold under duress during the Nazi era. Thus, several Jewish organizations wanted to stop the auction before it took place in May.\u00a0<\/span><\/p>\n

 <\/p>\n

Harry Winston ‘Briolette Of India<\/em>‘ diamond and diamond necklace had an estimate of CHF 9,000,000 \u2013 CHF 14,000,000, but sold for CHF 6,337,000 \u00a9<\/b>\u00a0Anders Modig<\/span><\/p>\n

 <\/p>\n

Christie\u2019s decision to take on the jewelry sale from Heidi Horten\u2019s estate was only made after careful consideration<\/strong>, which was transparently communicated in the spring, prior to the May auction. \u201cWe were aware of the history of Helmut Horten\u2019s actions during the Nazi period, when he purchased Jewish businesses that were sold under duress. His activities were well documented and provided the foundation for his later wealth. However\u2014and without ignoring or excusing Mr. Horten\u2019s actions in any way\u2014 the jewellery collection of his wife, Heidi Horten, was assembled decades later, between the beginning of the 1970s and 2022, the year of her death<\/em>,\u201d said Christie\u2019s in an email that also stated that none of these jewels<\/strong> come from a \u201cspoliation<\/strong> or forced sale from a Jewish owner<\/em>\u201d.\u00a0\u00a0\u00a0<\/span><\/p>\n

\u201cThrough this public sale, organized in a transparent manner, we are trying, for our part, to work to preserve the memory <\/strong>of the most painful period in history and of those who were tragically its victims<\/em>,\u201d the email continued.<\/span><\/p>\n

 <\/p>\n

Bulgari diamond and emerald ring with a fancy vivid yellow 20.92-carat diamond, sold for CHF 1,739,000, almost double the high estimate \u00a9<\/b>\u00a0Anders Modig<\/span><\/p>\n

 <\/p>\n

The fact that all of the Estate\u2019s proceeds from the sale was for philanthropic causes<\/strong>, including medical research, children\u2019s welfare, and access to the arts, was also essential for Christie\u2019s to conduct the sale. In addition to this, Christie\u2019s pledged that a significant portion of its commission would benefit organizations that contribute to vitally important Holocaust research and education.<\/span><\/p>\n

 <\/p>\n

However, during the summer The New York Times and Jerusalem Post have reported about several examples of Christie\u2019s donations not having been accepted.<\/strong> According to the NYT, Jewish organizations used the word \u201cappalling<\/em><\/strong>\u201d about the sale. In what seems to be an answer to this, Christie\u2019s has now cancelled the part 2 auction of the collection, which was planned for November.<\/span><\/p>\n

 <\/p>\n

Said Anthea Peers, President of Christie\u2019s EMEA, in a public statement:<\/span><\/p>\n

\u201cChristie\u2019s has taken the decision not to proceed with further sales of property from the Estate of Heidi Horten. As previously reported, the majority of the value of the collection was sold in Geneva in May 2023 for $202 million, raising important support for philanthropic causes, including medical research, children\u2019s welfare, and access to the arts. The sale of the Heidi Horten jewellery collection has provoked intense scrutiny, and the reaction to it has deeply affected us and many others, and we will continue to reflect on it<\/em>.\u201d<\/span><\/p>\n

 <\/p>\n

Christie\u2019s declined to comment beyond the statement, and a huge question remains: How will this influence future provenance discussions?<\/span><\/p>\n

 <\/p>\n

Read Also > AUCTION: RECORD-BREAKING JEWELS FROM BILLIONAIRE HEIDI HORTEN<\/a><\/p>\n

 <\/p>\n

Photos Credit : \u00a9<\/b>\u00a0Anders Modig<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Luxus Plus was in Geneva in May 2023 when Christie\u2019s wielded the hammer for the sale of the jewellery collection from philanthropist Heidi Horten\u2019s Estate. But despite the success record sale, which totalled CHF 180 million, the planned online continuation of the sale has now been cancelled by Christie\u2019s \u2013 because of the Horten Estate\u2019s complicated provenance with Nazi roots.<\/p>\n","protected":false},"author":515,"featured_media":17065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"After the successful but controversial auction last May, Christie's cancels the following Heidi Horten's jewellery sales. ","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-17070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en"],"_links":{"self":[{"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/17070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/515"}],"replies":[{"embeddable":true,"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=17070"}],"version-history":[{"count":0,"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/17070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/17065"}],"wp:attachment":[{"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=17070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=17070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magazine.luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=17070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}