Jewellery With Nazi Links Up For Auction Despite Criticism

Geneva, (UrduPoint / Pakistan Point News - 10th May, 2023 ) :Jewels belonging to an Austrian billionaire whose German husband made his fortune under the Nazis went under the hammer on Wednesday, despite demands by Jewish groups to call the sale off.

The Christie's auction house kicked off the controversial in-person sale in Geneva Wednesday afternoon, with nearly 100 sparkling pieces up for grabs.

"Christie's decision to take on the sale from the estate of Heidi Horton was made after careful consideration of the significance of the sale's philanthropic impact," its international head of jewellery Rahul Kadakia said as the auction began.

He stressed that the proceeds would go towards good causes, but critics of the sale have dismissed this as an inadequate response.

The entire collection, which Christie's aims to sell in online and in-person auctions by the end of the year, consists of 700 jewels, estimated to be worth more than $150 million.

The jewellery, including pieces from 20th-century designers such as Cartier, Bulgari and Van Cleef & Arpels, belonged to Heidi Horten who died last year aged 81, with a fortune of $2.9 billion, according to Forbes.

Among the main attractions Wednesday was the Sunrise Ruby, estimated at $15-20 million, Christie's said.

The sale could eclipse previous records set by Christie's in sales of properties that belonged to actress Elizabeth Taylor in 2011 and the "Maharajas and Mughal Magnificence" collection in 2019, both of which exceeded $100 million.

- 'Indecent' - A report published in January 2022 by historians commissioned by the Horten Foundation said Heidi Horton's husband Helmut Horton, who died in Switzerland in 1987, had been a member of the Nazi party before being expelled.

In 1936, three years after Adolf Hitler came to power in Germany, Horten took over textile company Alsberg, based in the western city of Duisburg, after its Jewish owners fled.

He later took over several other shops that had belonged to Jewish owners before the war.

A growing number of Jewish groups have asked Christie's to halt the sale.

"This sale is indecent," Yonathan Arfi, president of the Representative Council of Jewish Institutions in France (CRIF), said Tuesday.

"Not only did the funds that allowed the purchase of this jewellery come in part from the Ayranisation of Jewish property conducted by Nazi Germany, this sale is also to finance a foundation with the mission to safeguard the name of a former Nazi for posterity.""Aryanisation" was a Nazi term for a policy of seizing property from Jews and hand it over to non-Jews, and the exclusion of Jews from business.

The Simon Wiesenthal Center (SWC), a Jewish human rights organisation, issued a statement last week saying Christie's "must suspend this sale" until all research into links to Nazi-era acquisitions had been completed.