AuctionsMay 11, 2023
First Part of Christie’s Heidi Horten Jewelry Auction Garners $156MAuctionsMay 15, 2023
Part Two of Christie’s Heidi Horten Auction Brings in $42M
The sale, though embroiled in controversy, has garnered nearly $200 million in total.
“The Star of Africa” ruby and diamond pendant necklace by Harry Winston, featuring a 54.95-carat Mozambique ruby, was the top lot in the second part of Christie’s “The World of Heidi Horten” jewelry auction, selling for more than $3 million.
New York—Christie’s held the second part of the auction of late Austrian billionaire Heidi Horten’s jewels in Geneva late last week, following the record-breaking first segment days earlier.
The second segment of the sale totaled $42.1 million, according to the auction house.
The first segment of the sale garnered $156 million, within Christie’s pre-sale estimate.
The results surpassed the sale of Elizabeth Taylor’s jewelry collection in 2011 (total: $137.2 million), even with the most talked-about pieces from part one underperforming and amid controversy about the origin of Horten’s late husband’s wealth.
The auction grand total so far is close to $200 million.
There are also two online sales—one concluding today and a second to be held in November.
The top lot of the second auction installment was “The Star of Africa” ruby and diamond pendant necklace by Harry Winston, featuring a 54.95-carat Mozambican ruby.
It sold for more than $3 million, double the high end of its $1 million to $1.5 million estimate.
The second-highest grossing lot was a pendant set with a 15.05-carat fancy orangy pink modified heart brilliant-cut diamond. It sold for $2.7 million, above its $1.5 million to $2 million estimate.
A diamond ring set with a 47.58-carat emerald-cut diamond center stone sold for $2.7 million, within its $2 million to $3.1 million estimate.
Horten’s collection of Bulgari jewels was especially noteworthy, said Max Fawcett, head of jewelry at Christie’s Geneva, in an earlier statement about the auction, ranking it as one of the top five Bulgari collections ever assembled.
Several Bulgari pieces appeared in this auction segment, including a sapphire, cultured pearl, emerald, and diamond necklace, which sold for nearly $1.5 million, taking the No. 4 spot in terms of price realized.
The “Great Mughal Emerald” pendant necklace by Harry Winston, seen below, also by Harry Winston, is set with a 362.5-carat carved emerald.
It sold for $982,000, well above its pre-sale estimate of $500,000 to $700,000.
The “Great Mughal Emerald” pendant necklace sold for $982,000.
Jewels from Harry Winston, Van Cleef & Arpels, Cartier, Tiffany & Co., and Austrian jewelry house A. E. Köchert also appeared frequently in Horten’s extensive collection. Several jewels from Tamara Commoli and Marina B. were also up for sale.
There were 22 watches up for sale this round as well, from a variety of high-end brands like Rolex, Richard Mille, Cartier, Vacheron Constantin, and A. Lange & Söhne.
Christie’s went ahead with the Horten sale in spite of calls from several organizations to halt it after a New York Times report detailed how the late Helmut Horten, husband of Heidi Horten, profited when the Nazis forced Jewish people to sell their businesses at low prices.
The World Federation of Diamond Bourses, as well as Jewish organizations like the American Jewish Committee and the Simon Wiesenthal Center, called on Christie’s to stop the auction or donate a greater portion of the proceeds to Holocaust education.
Following the backlash, the auction house said it will donate a “significant” portion of the final sale proceeds to unspecified organizations that further Holocaust research and education.
The sale of Horten’s jewels also will benefit The Heidi Horten Foundation, which supports her art museum—The Heidi Horten Collection in Vienna—and other causes.
More on Auctions
The Latest
EditorsNov 22, 2024
Out & About: Inside the CD Peacock MansionStep inside the nearly 21,000-square-foot suburban Chicago jewelry store with Editor-in-Chief Michelle Graff.
CollectionsNov 22, 2024
Piece of the Week: Xander Jane’s ‘Spiked’ Pearl StudsThese punk-inspired earrings from the new Canadian brand’s debut collection reveal the alter ego of the classic pearl.
SourcingNov 22, 2024
Facets of Fire Expands to Include Pear, Marquise DiamondsThe company brings its nanotechnology to two new fancy cuts for diamonds that feature its signature color and brilliance.
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
Supplier BulletinNov 21, 2024
Tasha R Releases 2025 Labbelle Lab Diamond Jewelry CatalogSponsored by Tasha R
Weekly QuizNov 21, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsNov 21, 2024
Harris Jewelry Ordered to Reopen Claims Portal for Refund RequestsA federal court found that the jewelry store chain violated terms of the settlement reached after it was accused of defrauding customers.
CollectionsNov 21, 2024
Channel Elphaba in Muse’s ‘Have a Heart x Cynthia Erivo’ CollectionCynthia Erivo chose Dreams of Hope, an organization dedicated to empowering LGBTQA+ youth, as the charity for this year’s collection.
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYCThis fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
MajorsNov 21, 2024
Rocksbox Opens Pop-Up Store in San FranciscoThe new space was designed to evoke a warm, inviting vibe.
IndependentsNov 21, 2024
Mary Moses Kinney Is Now Part of The Edge’s Team Kinney, who spent nearly 30 years at IJO, has been hired to head Abbott Jewelry Systems’ new virtual marketplace.
CrimeNov 20, 2024
Sotheby’s to Pay $6.25M Settlement to NY State for Alleged Tax FraudThe auction house was accused of helping clients avoid paying taxes on millions of dollars’ worth of art purchased from 2010 to 2020.
Events & AwardsNov 20, 2024
Kering Debuts New Jewelry Award With Sustainability FocusThe four finalists will present their pieces at the 2025 JCK Las Vegas show.
CollectionsNov 20, 2024
Pamela Love Channels Surrealist Artists in New CollectionThe “Camera Oscura” collection showcases earring designs celebrating female Surrealist artists Claude Cahun and Leonor Fini.
Policies & IssuesNov 20, 2024
Columbia Gem House Raises $10K for Reforestation EffortsThe money will fund the planting of 10,000 trees in critical areas across Oregon, Arizona, Montana, and other regions.
Events & AwardsNov 20, 2024
The Jewelry Symposium Opens Registration, Scholarship ApplicationsThe event centered on advancing jewelry manufacturing technology will return to Detroit in May 2025.
CrimeNov 19, 2024
Woman Killed in Armed Robbery of Sacramento Jewelry StoreLocal reports identified the woman as the wife of the jewelry store owner.
MajorsNov 19, 2024
Trove Opens First US Flagship in NYCThe Australian jewelry box brand’s new West Village store will showcase new jewelers each month through its Designer in Residence program.
CollectionsNov 19, 2024
Snoop Dogg’s New Jewelry Collection Is All About Love“Lovechild” was created in partnership with Carolyn Rafaelian’s Metal Alchemist brand.
EditorsNov 18, 2024
Q&A: Helzberg CEO Brad Hampton on the Jeweler’s RebrandHampton discussed how Helzberg is improving the customer experience and why it was inspired by the company formerly known as Dunkin’ Donuts.
Policies & IssuesNov 18, 2024
Reciprocity Jewels Returns to NYC Jewelry WeekThe group will host several curated events and an exhibition of designer jewelry made with Peruvian gold traceable to the miners’ names.
CollectionsNov 18, 2024
Dolly Parton Shines in Collaboration with Kendra ScottThe collection honors the 50th anniversary of Dolly Parton’s “Love is Like a Butterfly” song, which shares a birth year with Kendra Scott.
Events & AwardsNov 18, 2024
IGI Jewelry Design Competition ReturnsThis year’s theme asks designers to take inspiration from classic fairy tales.
EditorsNov 15, 2024
Why Fine Jewelry Belongs at New York Comic ConSenior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.
CollectionsNov 15, 2024
Marie Lichtenberg Battles Counterfeits with New ‘Raiz’in Scapular’ DesignsThe latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.
WatchesNov 15, 2024
Piece of the Week: Citizen’s Commemorative Pocket WatchNo. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.
Recorded WebinarsNov 15, 2024
Watch: 10 Tips to Keep Your Jewelry Store Secure On the latest episode of “My Next Question,” two experts share best practices for store security during the holidays and year-round.
AuctionsNov 14, 2024
18th-Century Diamond Necklace Sells for Nearly $5M Sotheby’s sold the necklace, which potentially has ties to Marie-Antoinette, for $4.8 million to a woman bidding via phone.
