Controversy Surrounds Largest-Ever Jewelry Sale Due to Owner's Nazi Ties

1 min read
Source: The Times of Israel
Controversy Surrounds Largest-Ever Jewelry Sale Due to Owner's Nazi Ties
Photo: The Times of Israel
TL;DR Summary

Christie's auction house is set to sell the world's most valuable jewelry collection not owned by a royal family, belonging to Austrian heiress Heidi Horten, which is expected to raise over $150 million. However, the sale is marred by the fact that part of the Horten family's wealth was built on the purchase of companies sold under Nazi duress. Historians and journalists have criticized the sale, saying that the philanthropic aims of the auction do not make up for the past. Christie's has added a mention of the Jewish businesses having been sold under duress and will donate some of the sale's proceeds to Holocaust research and education funds.

Share this article

Reading Insights

Total Reads

0

Unique Readers

14

Time Saved

4 min

vs 5 min read

Condensed

88%

908109 words

Want the full story? Read the original article

Read on The Times of Israel