A Massive Private Jewelry Auction at Christie’s Is Sparking Controversy Over the Late Owner’s Links to the Nazis

A massive collection of jewels is set to go on sale by Christie’s, but the size of the haul isn’t the only part of the auction that’s getting attention.

On Wednesday, May 3, the auction house will offer 700 jewels from Austrian heiress Heidi Horten in what will probably be one of the biggest jewelry sales in history, according to The New York Times. The collection is anticipated to fetch more than $150 million, a sum that would surpass the $137 million sum that the Elizabeth Taylor’s collection yielded.

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Horten, who passed away last year, received a substantial inheritance after the death of her first husband, Helmut, in 1987,horten/what-is-on” data-ylk=”slk:according to Christie’s.;elm:context_link;itc:0″ class=”link “according to Christie’s. But the auction house has disclosed that “the business practices of Mr. Horten during the Nazi era, when he purchased Jewish businesses sold under duress, are well documented.” Horten, the auction house admits, forced Jewish businesses to sell to him under threat of harm from the Nazis.

As counter to this ugly history, Christie’s stated that proceeds of the sale will benefit The Heidi Horten Foundation, as well as an array of causes she supported during her lifetime such as medical research and child welfare. Christie’s also said that following the sale, it would “make a significant contribution” to an organization that “advances Holocaust research and education.”

“We are aware there is a painful history,” Anthea Peers, president of Christie’s Europe, Middle East and Africa, told the Times. “We weighed that up against various factors,” but added that the foundation is a “key driver of philanthropic causes.”

Munich-based journalist Stephanie Stephan’s father was on the board of a company that was sold to Horten by force, according to the newspaper. Stephan published an affidavit

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Closer Look Pharrell JOOPITER Lorraine Schwartz High Jewelry Sale

In anticipation for the upcoming digital sale of the Pharrell‘s JOOPITER and Lorraine Schwartz‘s luxury jewelry collection, Hypebeast was invited to a private viewing of the gems. A chance to inspect and experience the unique stones of the “Lorraine Schwartz: A Journey Through Gems” sale, it is evident that Schwartz’s widely coveted designs are truly one-of-a-kind.

The collection continues to cement Schwartz’s position as a prominent diamond expert, forging her own path to becoming one of the most successful jewelry designers in the world. On display for the private sale were a selection of jewelry pieces worn by the likes of Beyoncé, Ariana Grande, Taylor Swift and more. A long-time fan of Schwartz’s, Beyoncé-worn emerald cut and hexagon shape diamond earrings set in 18K white gold are a part of the sale, as are the emerald and diamond bib necklace with matching earrings set. This emerald and diamond earring set contains over 18 carats of pear-shaped emeralds and more than 11 carats of fancy-shaped diamonds.

In addition to some of the most sought-after jewelry sets, the private sale also includes individual stones including a 20-carat triangular shape Brazilian Paraiba stone, an incredibly rare gemstone known for its turquoise blue shades. Highlighting the gemstone sale is also a D flawless type IIa heart brilliant cut diamond, coming in at over 50 carats. Another 80-carat diamond was also highlighted to Hypebeast. Various rings including a heart-shaped yellow diamond ring belonging to Pharrell was available for private viewing. The yellow diamond comes in just under 16 carats and is set in a bezel ring of 18K yellow gold.

Schwartz and Pharrell’s relationship goes way back. In a statement, Schwartz recalls her friendship with Pharrell, “I was lucky enough to meet Pharrell over 20 years ago, and we’ve built an incredible friendship through

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