{"id":48315,"date":"2023-09-07T08:30:27","date_gmt":"2023-09-07T12:30:27","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=48315"},"modified":"2024-04-02T06:38:50","modified_gmt":"2024-04-02T10:38:50","slug":"christies-cancellation-over-nazi-fortune","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2023\/09\/christies-cancellation-over-nazi-fortune\/","title":{"rendered":"Christie&#8217;s Cancellation Over Nazi Fortune"},"content":{"rendered":"<div id=\"attachment_48316\" style=\"width: 150px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-scaled.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-48316\" class=\"wp-image-48316\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-240x300.jpg\" alt=\"A large ruby set in a platinum ring supported by diamonds sold at Christie's World of Heidi Horten sale\" width=\"140\" height=\"175\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-240x300.jpg 240w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-819x1024.jpg 819w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-768x960.jpg 768w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-1229x1536.jpg 1229w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-1638x2048.jpg 1638w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-scaled.jpg 2048w\" sizes=\"(max-width: 140px) 100vw, 140px\" \/><\/a><p id=\"caption-attachment-48316\" class=\"wp-caption-text\">The Sunrise Ruby<\/p><\/div>\n<p><span style=\"font-weight: 400;\">Christie\u2019s has canceled an upcoming jewelry sale after complaints of Nazi connections. At their Geneva location, Christie\u2019s hosted a successful sale in May called the World of Heidi Horten, featuring the Austrian billionaire\u2019s jewelry collection. Among the collection highlights were a three-stranded <\/span><a href=\"https:\/\/www.christies.com\/img\/LotImages\/2023\/GNV\/2023_GNV_22535_0045_000(sensational_harry_winston_natural_and_cultured_pearl_and_coloured_diam103928).jpg?mode=max?w=780\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Harry Winston pearl necklace<\/span><\/a><span style=\"font-weight: 400;\"> (Fr.6.46 million \/ $7.25 million w\/p), a gold ring set with <\/span><a href=\"https:\/\/www.lootedart.com\/web_images\/news2023\/Lot-54-Fancy-pink-diamond-of-20.06-carat-819x1024.jpg\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">a 20-carat pear-shaped pink diamond<\/span><\/a><span style=\"font-weight: 400;\"> (Fr.4.28 million \/ $4.8 million w\/p), and a Cartier platinum ring set with an enormous red stone of more than 25 carats known as <\/span><span style=\"font-weight: 400;\">the Sunrise Ruby<\/span><span style=\"font-weight: 400;\"> (Fr.13 million \/ $14.66 million w\/p). The May auction brought in a total of Fr.138.3 million, or $155.4 million, setting the record for the most successful jewelry auction ever. Christie\u2019s scheduled a second sale in November; however, this has been canceled because of the source of Horten\u2019s wealth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Heidi Horten was born Heidi Jelinek in Vienna three years after Austria\u2019s annexation by the Nazis. In 1960, when she was 19, she met 51-year-old department store owner Helmut Horten at a hotel bar. Six years later, they married. Horten\u2019s department store chain was the fourth-largest in Germany, making him one of the wealthiest entrepreneurs in the country. He had private jets, several yachts, and a villa in the western German city of M\u00fclheim. In Duisburg, where he had started his business, he was a local philanthropist and founded his own organization to promote medical research. He was married to Heidi until he died in 1987. After inheriting his wealth, Heidi spent the rest of her life supporting charitable organizations, collecting art, hunting, and relaxing on her yacht, <\/span><i><span style=\"font-weight: 400;\">Carinthia VII<\/span><\/i><span style=\"font-weight: 400;\">. In 2020, Forbes estimated she was worth about $3 billion. After her death in June 2022, her estate consigned her jewelry collection to Christie\u2019s.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Christie\u2019s ended up canceling the November sale because of how the Hortens obtained their wealth. Helmut Horten first found success in business in the 1930s, in particular thanks to new laws enacted by the Nazis applying to Jewish-owned companies. I\u2019ve touched upon this subject before, when in December 2022, the descendants of the Mendelssohn family <\/span><a href=\"https:\/\/rehs.com\/eng\/2022\/12\/give-us-back-our-van-gogh\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">demanded that museums return parts of their former art collection<\/span><\/a><span style=\"font-weight: 400;\">. The Mendelssohn family owned one of the most successful banks in Germany when the Nazis came to power. Through Aryanization, the German government passed new laws targeting Jewish-owned businesses to force their owners to sell. For example, Deutsche Bank bought and liquidated Mendelssohn &amp; Co. in 1938. Helmut Horten was one of the businessmen who benefited from these policies, buying up formerly Jewish-owned businesses and building his department store empire. One of the first businesses he took over was the Kaufhaus Alsberg, a department store chain in western Germany owned by the Jewish Alsberg family. He had been an employee of the Alsbergs before the sale. Horten was a member of the Nazi party and had a very good relationship with the government.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Several Jewish organizations spoke out against the initial May sale, asking Christie&#8217;s to do their due diligence and perform more research on individual items. This is mainly to see if any pieces in the jewelry collection were previously owned by Jewish families forced to sell their valuables because of Aryanization laws. Christie\u2019s went on with the first sale anyway, attempting to deflect criticism by saying that a portion of the auction proceeds would go to Holocaust education groups. It wasn\u2019t until <\/span><a href=\"https:\/\/www.nytimes.com\/2023\/08\/31\/arts\/design\/christies-heidi-horten-sale.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">the <\/span><i><span style=\"font-weight: 400;\">New York Times<\/span><\/i><span style=\"font-weight: 400;\"> published a report<\/span><\/a><span style=\"font-weight: 400;\"> about the situation that Christie\u2019s announced their cancellation of the November sale. Even with the sale canceled, some of the groups Christie\u2019s promised to donate to announced that they would refuse such donations, <\/span><a href=\"https:\/\/www.jpost.com\/diaspora\/article-743749\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">most notably Yad Vashem<\/span><\/a><span style=\"font-weight: 400;\">, Israel\u2019s state-run Holocaust memorial.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christie\u2019s has canceled an upcoming jewelry sale after complaints of Nazi connections. At their Geneva location, Christie\u2019s hosted a successful sale in May called the World of Heidi Horten, featuring the Austrian billionaire\u2019s jewelry collection. Among the collection highlights were &hellip; <a href=\"https:\/\/rehs.com\/eng\/2023\/09\/christies-cancellation-over-nazi-fortune\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":48316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[207,134,20,431,367,586,77,101,835,11,9,386,32,390],"class_list":["post-48315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-auction-news","tag-auction-records","tag-auction-results","tag-collectables","tag-crime-and-punishment","tag-jewelry","tag-jewish","tag-looted-art","tag-nazi","tag-rehs-contemporary-news","tag-rehs-galleries-news","tag-tales-from-the-dark-side","tag-the-dark-side","tag-theft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Christie\u2019s Cancellation Over Nazi Fortune<\/title>\n<meta name=\"description\" content=\"Christie&#039;s recently canceled the second part of a sale featuring Austrian billionaire Heidi Horten&#039;s jewelry collection.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2023\/09\/christies-cancellation-over-nazi-fortune\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Christie&#039;s Cancellation Over Nazi Fortune\" \/>\n<meta property=\"og:description\" content=\"Christie&#039;s recently canceled the second part of a sale featuring Austrian billionaire Heidi Horten&#039;s jewelry collection.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2023\/09\/christies-cancellation-over-nazi-fortune\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-07T12:30:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T10:38:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2023\/09\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Scheer\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Scheer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2023\\\/09\\\/christies-cancellation-over-nazi-fortune\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2023\\\/09\\\/christies-cancellation-over-nazi-fortune\\\/\"},\"author\":{\"name\":\"Nathan Scheer\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/1d33fd182b28afdad8fc3548ffe6bdc4\"},\"headline\":\"Christie&#8217;s Cancellation Over Nazi Fortune\",\"datePublished\":\"2023-09-07T12:30:27+00:00\",\"dateModified\":\"2024-04-02T10:38:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2023\\\/09\\\/christies-cancellation-over-nazi-fortune\\\/\"},\"wordCount\":628,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2023\\\/09\\\/christies-cancellation-over-nazi-fortune\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/2023_GNV_22535_0096_001the_sunrise_ruby_sensational_cartier_ruby_and_diamond_ring063710-scaled.jpg\",\"keywords\":[\"Auction News\",\"Auction Records\",\"Auction Results\",\"Collectables\",\"Crime and Punishment\",\"Jewelry\",\"Jewish\",\"Looted Art\",\"nazi\",\"Rehs Contemporary - Art World News\",\"Rehs Galleries - Art World News\",\"tales from the dark side\",\"The Dark Side of the Art World\",\"theft\"],\"articleSection\":[\"Rehs 19th &amp; 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