Auctions

WFDB Joins Those Objecting to Heidi Horten Auction at Christie’s

AuctionsMay 08, 2023

WFDB Joins Those Objecting to Heidi Horten Auction at Christie’s

Jewish organizations are calling on Christie’s to halt the auction or donate a greater portion of the proceeds to Holocaust education.

20230508_Heidi Horten Bulgari Necklace.jpg
This Bulgari diamond, sapphire, and emerald necklace is part of Christie’s auction of the jewels of late Austrian billionaire Heidi Horten. After a New York Times report detailed how her husband, Helmut Horten, profited when the Nazis forced Jewish business owners to sell at rock-bottom prices, organizations are calling for Christie’s to call off the sale or for a larger portion of the proceeds to be donated to Holocaust education.
New York—Christie’s auction of the jewels of late Austrian billionaire Heidi Horten first made headlines for its show-stopping pieces, but the dark backstory of how her husband built his fortune continues to overshadow the sale.

Late last month, The New York Times detailed how Helmut Horten profited when the Nazis forced Jewish people to sell their businesses at low prices.

This report and Christie’s plans to move forward with the jewelry auction have sparked outrage within the jewelry industry as well as among Jewish organizations.

In a letter to François Curiel, chairman of Christie’s Europe, dated May 5 the World Federation of Diamond Bourses said it objects to the sale and felt it necessary to express its outrage.

“In a time of Holocaust denial and the resurgence of anti-Semitism around the world, we find it especially appalling that a world-renowned auction house would engage in such a sale,” wrote WFDB President Yoram Dvash.

In an earlier statement, Christie’s CEO Guillaume Cerutti said: “It was never Christie’s intention to hide information about the well-documented history of Mr. Horten and we have added relevant information to our sale materials and website to ensure that the facts are clear to all.”

Following the backlash, the auction house said it will be donating a “significant” portion of the final sale proceeds to unspecified organizations that further Holocaust research and education.

WFDB is asking Christie’s to go a step further than that.

“The WFDB strongly requests that if Christie’s insists on holding the Horten auction, that you personally ensure that the major portion of the proceeds be donated by Christie’s to charities supporting the welfare of Holocaust survivors, as well as commemoration and education.”

The organization also requested that the amount of the contribution and its recipients be shared with the public.

In a statement shared with National Jeweler this morning, Anthea Peers, president of Christie’s Europe, Middle East and Africa, said Christie’s was aware of how Helmut built his wealth but added, “However—and without ignoring or excusing Mr. Horten’s actions in any way— the jewelry collection of his wife, Heidi Horten, was assembled decades later, between the beginning of the 1970s and 2022, the year of her death.”

As for the donation, Christie’s reiterated that a “significant portion” of its commission will be donated to Holocaust research and education.

“It will be up to these organizations, if they wish, to communicate about these donations,” said Peers.

 Related stories will be right here … 

Other organizations have joined the call for Christie’s to increase the size of its donation or halt the jewelry auction entirely.

In a statement, the American Jewish Committee said the fact that the auction proceeds will go to charity, including some to Holocaust organizations, was not enough.

“One of the most challenging tasks in addressing the legacy of the Holocaust is providing justice for the massive looting of its victims. There are still many barriers to securing restitution,” said AJC.

“It is even more difficult when unscrupulous businessmen took advantage of aryanization laws and the desperate needs of Jews fleeing the Nazis to amass their fortunes.”

The AJC asked that the auction be put on hold while it was determined what portion of Helmut’s wealth came at the expense of Nazi victims. Funds should then be directed to support Holocaust survivors and the educational programs that enable them to tell their stores.

The Simon Wiesenthal Center, a Jewish global human rights organization based in Los Angeles with offices across the world, also called for the halt of the auction until more research can be done.

“Christie’s must suspend this sale until full research of links to Nazi era acquisitions are completed,” said Rabbi Abraham Cooper, associate dean and director of global social action. “Don’t reward those whose families may have gained riches from desperate Jews targeted and threatened by the Nazis.” 

In her statement, Peers said: “As with all property entrusted to Christie’s, this collection has undergone a thorough verification process. The provenance of each of the 700 objects up for auction is well documented, with detailed indications of purchase, and none of these jewels come from a spoliation or a forced sale from a Jewish owner.”

Christie’s estimates “The World of Heidi Horten” sale will fetch $150 million, surpassing the auction record set by the sale of Elizabeth Taylor’s private collection in 2011 (total: $137.2 million).

The sale of Horten’s jewels will benefit The Heidi Horten Foundation, which supports her art museum, The Heidi Horten Collection in Vienna, and other causes.

A viewing will take place in Geneva this week, with the first part of the auction scheduled for Wednesday, and the second for Friday. 

There will also be two online sales. The first online sale is taking place now through May 15 with November dates to follow for the remaining jewels.

The Latest

Diamonds Direct Atlanta store
MajorsJul 26, 2024
Diamonds Direct Opens Store in Atlanta

It’s the Signet-owned banner’s first location in Georgia.

Bea Bongiasca’s Double Loop Earrings
TrendsJul 26, 2024
Piece of the Week: Bea Bongiasca’s ‘Double Loop’ Earrings

Commemorate “brat summer” with these green hoops.

Stock image of Providence, Rhode Island, skyline
EditorsJul 26, 2024
Out & About: A Dispatch from the Nation’s Smallest State

Editor-in-Chief Michelle Graff returns from Rhode Island with thoughts about in-store shopping and a trends report.

Untitled design.jpg
Brought to you by
The End of an Era? Lab-Grown Diamonds' Journey Towards Price Stability

As the demand for lab-grown diamond jewelry may still be increasing, the most notable change we are likely to see is price stabilization.

Supplier BulletinJul 25, 2024
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional Edition

Sponsored by Gemological Institute of America

Weekly QuizJul 25, 2024
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Amazon package outside door
TechnologyJul 25, 2024
Amazon, BBB Sue Website Allegedly Peddling Fake Reviews

They claim ReviewServiceUSA.com was selling both positive and negative reviews of products and businesses.

De Beers’ Venetia diamond mine
SourcingJul 25, 2024
De Beers’ H1 Revenue Falls 21% in ‘Weak’ Market

Lab-grown diamond sales in the United States and ongoing economic challenges in China are impacting natural diamond demand.

1872 x 1052 Gemolite.jpg
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional Edition

GIA®’s most advanced microscope has new features to optimize greater precision and comfort.

IndependentsJul 25, 2024
Store Designer Ruth Mellergaard Dies

A longtime member of IJO, she’s remembered for her passion for design, learning, and environmentalism.

Pomellato Malachite Pom Pom Dot bracelet
FinancialsJul 25, 2024
Boucheron, Pomellato Post Double-Digit Growth in Q2

The gains come amid a tough time for parent company Kering, which saw sales slide 11 percent in the first half of the year.

Shane Co. and the Kids in Need foundation logo
MajorsJul 25, 2024
Shane Co. Partners With Kids In Need Foundation to Donate 7,200 Backpacks

The fine jewelry retailer filled backpacks with back-to-school essentials for students in 13 states.

Bulgari high jewelry campaign
FinancialsJul 24, 2024
LVMH’s First-Half Jewelry, Watch Sales Dip 5%

Tiffany & Co. is focusing on its “iconic” collections while the company has made changes at the top at TAG Heuer and Hublot.

Chaumet Paris 2024 Olympics medals
MajorsJul 24, 2024
See Chaumet’s Paris Olympic Medals Inspired by its High Jewelry

The Parisian brand is the first jewelry company in the history of the Olympic and Paralympic Games to design the medals.

Jewelers Mutual and Union Life and Casualty logos
MajorsJul 24, 2024
Jewelers Mutual Acquires Pawnbroker Insurance Provider

Union Life & Casualty will join JM Insurance Agency Partners, expanding the provider’s pawnbroker coverage.

Bradlei Smith
MajorsJul 24, 2024
Ben Bridge Announces 2024 Lonia Tate Scholarship Winner

Los Angeles-based Bradlei Smith was selected for this year’s award.

National Jeweler columnist Peter Smith
ColumnistsJul 23, 2024
Peter Smith: The Case for Optimism in Sales

In his latest column, Smith shares multiple reasons why people who look at the glass as being hall full often make better salespeople.

De Beers rough diamond display
SourcingJul 23, 2024
De Beers’ Production Drops 15% in Q2

The company also reported the $150 million sale of an iron ore royalty right, part of its ongoing effort to divest “non-core” assets.

Long’s Jewelers giveaway promo
IndependentsJul 23, 2024
Long’s Jewelers Is Giving Away a Luxury Cape Cod Vacation

The giveaway is part of the New England jeweler’s summer bridal event.

Sophia Moreno-Bunge of Isa Isa modeling Guzema’s Hidden Beauty collection
CollectionsJul 23, 2024
Guzema Debuts ‘Flower Power’ Campaign

The ad features three celebrity florists creating floral sculptures while wearing jewelry by Guzema.

Tresia Shituula, Monkgogi Moshaga, Mohamed Samu
Policies & IssuesJul 23, 2024
Diamonds Do Good Announces Its 2024 Entrepreneurship Grant Winners

The grant provided a total of $100,000 to support 13 entrepreneurs from diamond communities in Africa and India.

Ghazi “Gus” Michel Osta
CrimeJul 22, 2024
Florida Jeweler Shot, Killed Following Argument With Customer

Ghazi Michel Osta, or “Gus,” was killed Friday by an 83-year-old man said to be a frequent customer at his store, Volusia Gold & Diamond.

Elyssa Jenkins-Perez and Effie Marinos
Policies & IssuesJul 22, 2024
JVC’s Elyssa Jenkins-Pérez Joins RJC

The organization also announced Effie Marinos as its new specialist advisor for technical standards, as well as four other appointments.

Karen Rentmeesters
SourcingJul 22, 2024
AWDC Names Karen Rentmeesters as CEO

Rentmeesters has served as interim CEO since April following former CEO Ari Epstein’s resignation.

Brian and Jessie Mann
IndependentsJul 19, 2024
Longtime D.C. Jeweler Brian Mann Dies at 70

Mann, whose family’s jewelry store was located inside the Pentagon, is remembered for being a thoughtful champion of the industry.

Tudor store in Denver
IndependentsJul 19, 2024
The 1916 Company Opens New Tudor Boutique

The 500-square-foot boutique is located in Denver’s Cherry Creek Shopping Center.

Messika’s So Move Max Necklace
CollectionsJul 19, 2024
Piece of the Week: Messika’s ‘So Move Max’ Necklace

Dance all night long with the “So Move Max” set’s necklace.

Julien Tornare and Antoine Pin
WatchesJul 18, 2024
TAG Heuer, Hublot Will Have New CEOs

Luxury giant LVMH is reshuffling the leadership in its watches division.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy