Austrian billionaire's jewels seen fetching over $150 mln at auction

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Austrian billionaire's jewels seen fetching over $150 mln at auction
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This 700-piece jewelry collection is expected to fetch more than $150 million at an auction. The jewels belonged to the late Austrian billionaire Heidi Horten and is the world’s largest and most valuable collection of its kind to go under the hammer

Some of its most spectacular pieces include the 90-carat "Briolette of India" diamond necklace by Harry Winston, and the "Sunrise Ruby" and diamond ring by Cartier that is worth up to an estimated $20 million.

Horten's collection is set to exceed the record sales at Christie's for Elizabeth Taylor's collection in 2011 and the Maharajas & Mughal Magnificence auction in 2019, the only two jewellery collections to have garnered more than $100 million. Before agreeing to auction the collection, Christie's said it had considered the business practices of Mrs Horten's late first husband, German department store tycoon Helmut Horten, who during the Nazi era "purchased Jewish businesses that were sold under duress."

"We are selling this collection in its identity with the name Horten. It's not being sold as an anonymous collection."

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