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Jewelry with Nazi ties fetches record prices at Christie’s auction amid controversy

(JTA) — A blockbuster jewelry auction at Christie’s is drawing criticism because of the gems’ ties to a Nazi.

The pieces sold Monday belonged to the late Heidi Horten, an Austrian art collector whose husband, Helmut Horten, was a Nazi Party member. The items fetched a total of $202 million, making the auction the largest jewelry sale in history.

Some Jewish groups had urged Christie’s to halt the sale, citing Helmut Horten’s record during the Nazi era, when he amassed a fortune after buying businesses whose Jewish owners sold them under duress, often at steeply discounted prices. Horten used that wealth to propel his company, which ultimately was responsible for introducing American-style supermarkets in Germany.

Heidi Horten was born in 1941 and was more than 30 years younger than her husband. When he died in 1987, she inherited nearly $1 billion, according to The New York Times. Heidi Horten died last year at age 81.

Associations representing Jews and Holocaust survivors criticized the auction because of the origin of the wealth that paid for the jewelry. David Schaecter, president of Holocaust Survivors’ Foundation USA, said the auction continues “a disgraceful pattern of whitewashing Holocaust profiteers,” according to the Times.

“Christie’s must suspend this sale until full research [into the] link to Nazi era acquisitions [is] completed,” Rabbi Abraham Cooper, the associate dean of the Simon Wiesenthal Center, said in a statement earlier this month urging Christie’s to halt the auction. “Don’t reward those whose families may have gained riches from desperate Jews targeted and threatened by the Nazis.”

Christie’s also drew fire for not initially including any mention of the Jewish businesses in its marketing materials for the auction. Its website now includes a brief note stating that the provenance of Horten’s wealth is “a matter of public record. The business practices of Mr. Horten during the Nazi era, when he purchased Jewish businesses sold under duress, are well documented.”

The auction house has committed to donating a portion of its commission to organizations that contribute to Holocaust research and education. It did not specify which organizations would receive the funds, saying only in a statement that it would be up to those organizations to “communicate about these donations.”

Proceeds from the sale of the jewels will be donated to the Heidi Horten Foundation, which supports children’s welfare and medical research, in addition to funding the Heidi Horten Collection, an art museum in Vienna. The museum boasts works by Pablo Picasso and Pierre-Auguste Renoir, as well as Jewish artists such as Marc Chagall, who escaped the Nazis, and Roy Lichtenstein.

The museum’s website includes a brief mention of Helmut Horten’s wealth accumulation under the Nazis, stating that Heidi Horten hired a historian to research and write “​​a scientific report on Helmut Horten’s build-up of assets and business in the context of ‘Aryanization’ during the ‘Third Reich.’”

That report, which was published last year, concluded that while Horten benefited from his purchase of Jewish-owned businesses, he was not an enthusiastic Nazi and was expelled from the party, and briefly imprisoned, near the end of World War II.

“There is not a saint and not a devil, but there is Horten who … benefited from the circumstances of the tyranny of the Nazis,” the historian, Peter Hoeres, told the Associated Press. “You can’t say Horten was part of the resistance against the dictatorship.”

The Heidi Horten Foundation appears to be separate from a foundation bearing the name of her husband. On the website of the Helmut Horten Foundation, a page with a biography of Horten does not mention Jews, the Holocaust or the Nazi Party by name, though it does have a short section referencing Hoeres’ report. It says Horten was a “liberal,” and that the foundation “considers it extremely important to review and understand its founder’s history in the best possible way.”

“This auction is doubly indecent,” Yonathan Arfi, chairman of CRIF, the umbrella organization for French Jewry, said in a statement. “The funds that made it possible to acquire these jewels are partly the result of the Aryanization of Jewish property carried out by Nazi Germany, but in addition, this sale will contribute to a foundation whose mission it is to ensure the name of a former Nazi for posterity.”

More than 400 pieces of Heidi Horten’s jewelry were sold in the auction, both online and in person in Geneva, Switzerland, including jewels from brands Bulgari, Van Cleef and Arpels, Cartier, and Harry Winston, with many diamond, pearl, and colored gemstone pieces individually estimated to be worth millions of dollars. The last 300 lots from Horten’s collection are scheduled to be sold in November.


The post Jewelry with Nazi ties fetches record prices at Christie’s auction amid controversy appeared first on Jewish Telegraphic Agency.

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21 Arab, Islamic, African States and Entities Condemn Israel’s Recognition of Somaliland

The signatories’ flags enclosed in the statement in Arabic. Photo: Screenshot via i24.

i24 NewsA group of 21 Arab, Islamic and African countries, organizations and entities issued on Saturday a joint statement condemning Israel’s recognition of Somaliland sovereignty.

The statement’s signatories said that they condemn and reject Israel’s recognition of Somaliland “in light of the serious repercussions to peace and security in the Horn of Africa and the Red Sea region, and its serious impacts on international peace and security, which also reflects Israel’s clear and complete disregard for international law.”

It was signed by: Saudi Arabia, Egypt, Turkey, Iran, Pakistan, Qatar, Jordan, Algeria, Iraq, Kuwait, Oman, Libya, Palestine, Somalia, Sudan, Yemen, Comoros, Djibouti, Gambia, Maldives, Nigeria and the Organization of Islamic Cooperation (OIC).

The joint statement voiced support “for the sovereignty of Somalia and reject any measures that would undermine its unity, territorial integrity, and sovereignty over all its lands.”

The signatories also “categorically reject linking Israel’s recognition of the territory of the land of Somalia with any plans to displace the Palestinian people outside their land.”

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Nvidia, Joining Big Tech Deal Spree, to License Groq Technology, Hire Executives

A NVIDIA logo appears in this illustration taken Aug. 25, 2025. Photo: REUTERS/Dado Ruvic/Illustration

Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet’s Google, Groq said in a blog post on Wednesday.

The deal follows a familiar pattern in recent years where the world’s biggest technology firms pay large sums in deals with promising startups to take their technology and talent but stop short of formally acquiring the target.

Groq specializes in what is known as inference, where artificial intelligence models that have already been trained respond to requests from users. While Nvidia dominates the market for training AI models, it faces much more competition in inference, where traditional rivals such as Advanced Micro Devices have aimed to challenge it as well as startups such as Groq and Cerebras Systems.

Nvidia has agreed to a “non-exclusive” license to Groq’s technology, Groq said. It said its founder Jonathan Ross, who helped Google start its AI chip program, as well as Groq President Sunny Madra and other members of its engineering team, will join Nvidia.

A person close to Nvidia confirmed the licensing agreement.

Groq did not disclose financial details of the deal. CNBC reported that Nvidia had agreed to acquire Groq for $20 billion in cash, but neither Nvidia nor Groq commented on the report. Groq said in its blog post that it will continue to operate as an independent company with Simon Edwards as CEO and that its cloud business will continue operating.

In similar recent deals, Microsoft’s top AI executive came through a $650 million deal with a startup that was billed as a licensing fee, and Meta spent $15 billion to hire Scale AI’s CEO without acquiring the entire firm. Amazon hired away founders from Adept AI, and Nvidia did a similar deal this year. The deals have faced scrutiny by regulators, though none has yet been unwound.

“Antitrust would seem to be the primary risk here, though structuring the deal as a non-exclusive license may keep the fiction of competition alive (even as Groq’s leadership and, we would presume, technical talent move over to Nvidia),” Bernstein analyst Stacy Rasgon wrote in a note to clients on Wednesday after Groq’s announcement. And Nvidia CEO Jensen Huang’s “relationship with the Trump administration appears among the strongest of the key US tech companies.”

Groq more than doubled its valuation to $6.9 billion from $2.8 billion in August last year, following a $750 million funding round in September.

Groq is one of a number of upstarts that do not use external high-bandwidth memory chips, freeing them from the memory crunch affecting the global chip industry. The approach, which uses a form of on-chip memory called SRAM, helps speed up interactions with chatbots and other AI models but also limits the size of the model that can be served.

Groq’s primary rival in the approach is Cerebras Systems, which Reuters this month reported plans to go public as soon as next year. Groq and Cerebras have signed large deals in the Middle East.

Nvidia’s Huang spent much of his biggest keynote speech of 2025 arguing that Nvidia would be able to maintain its lead as AI markets shift from training to inference.

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Russian Drones, Missiles Pound Ukraine Ahead of Zelensky-Trump Meeting

Rescuers work at the site of the apartment building hit by a Russian drone during a Russian missile and drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine December 27, 2025. REUTERS/Viacheslav Ratynskyi

Russia attacked Kyiv and other parts of Ukraine with hundreds of missiles and drones on Saturday, ahead of what President Volodymyr Zelensky said would be a crucial meeting with US President Donald Trump to work out a plan to end nearly four years of war.

Zelensky cast the vast overnight attack, which he said involved about 500 drones and 40 missiles and which knocked out power and heat in parts of the capital, as Russia’s response to the ongoing peace efforts brokered by Washington.

The Ukrainian leader has said Sunday’s talks in Florida would focus on security guarantees and territorial control once fighting ends in Europe’s deadliest conflict since World War Two, started by Russia’s 2022 invasion of its smaller neighbor.

The attack continued throughout the morning, with a nearly 10-hour air raid alert for the capital. Authorities said two people were killed in Kyiv and the surrounding region, while at least 46 people were wounded, including two children.

“Today, Russia demonstrated how it responds to peaceful negotiations between Ukraine and the United States to end Russia’s war against Ukraine,” Zelensky told reporters.

In Russia, air defense forces shot down eight drones headed for Moscow, the city’s mayor Sergei Sobyanin said on Saturday.

THOUSANDS OF HOMES WITHOUT HEAT

Explosions echoed across Kyiv from the early hours on Saturday as Ukraine’s air defense units went into action. The air force said Russian drones were targeting the capital and regions in the northeast and south.

State grid operator Ukrenergo said energy facilities across Ukraine were struck, and emergency power cuts had been implemented across the capital.

DTEK, Ukraine’s largest private energy company, said the attack had left more than a million households in and around Kyiv without power, 750,000 of which remained disconnected by the afternoon.

Deputy Prime Minister Oleksiy Kuleba said over 40% of residential buildings in Kyiv were left without heat as temperatures hovered around 0 degrees Celsius (32 degrees Fahrenheit) on Saturday.

TERRITORIAL CONTROL: A DIPLOMATIC STUMBLING BLOCK

On the way to meeting Trump in Florida, Zelensky stopped in Canada’s Halifax to meet Prime Minister Mark Carney, after which they planned to hold a call with European leaders.

In a brief statement with Zelenskiy by his side, Carney noted that peace “requires a willing Russia.”

“The barbarism that we saw overnight — the attack on Kyiv — shows just how important it is that we stand with Ukraine in this difficult time,” he said, announcing 2.5 billion Canadian dollars ($1.83 billion) in additional economic aid to Ukraine.

Territory and the future of the Russian-occupied Zaporizhzhia nuclear plant remain the main diplomatic stumbling blocks, though Zelensky told journalists in Kyiv on Friday that a 20-point draft document – the cornerstone of a US push to clinch a peace deal – is 90% complete.

He said the shape of U.S. security guarantees was crucial, and these would depend on Trump, and “what he is ready to give, when he is ready to give it, and for how long.”

Zelensky told Axios earlier this week that the US had offered a 15-year deal on security guarantees, subject to renewal, but Kyiv wanted a longer agreement with legally binding provisions to guard against further Russian aggression.

Trump said the United States was the driving force behind the process.

“He doesn’t have anything until I approve it,” Trump told Politico. “So we’ll see what he’s got.”

Trump said he believed Sunday’s meeting would go well. He also said he expected to speak with Putin “soon, as much as I want.”

FATE OF DONETSK IS KEY

Moscow is demanding that Ukraine withdraw from a large, densely-urbanized chunk of the eastern region of Donetsk that Russian troops have failed to occupy in nearly four years of war. Kyiv wants the fighting halted at the current lines.

Russia has been grinding slowly forwards throughout 2025 at the cost of significant casualties on the drone-infested battlefield.

On Saturday, both sides issued conflicting claims about two frontline towns: Myrnohrad in the east and Huliaipole in the south. Moscow claimed to have captured both, while Kyiv said it had beaten back Russian assaults there.

Under a US compromise, a free economic zone would be set up if Ukrainian troops pull back from parts of the Donetsk region, though details have yet to be worked out.

Axios quoted Zelensky as saying that if he is not able to push the US to back Ukraine’s position on the land issue, he was willing to put the 20-point plan to a referendum – as long as Russia agrees to a 60-day ceasefire allowing Ukraine to prepare for and hold the vote.

On Saturday, Zelensky said it was not possible to have such a referendum while Russia was bombarding Ukrainian cities.

He also suggested that he would be ready for “dialogue” with the people of Ukraine if they disagreed with points of the plan.

Russian Deputy Foreign Minister Sergei Ryabkov said Kyiv’s version of the 20-point plan differed from what Russia had been discussing with the US, according to the Interfax-Russia news agency.

But he expressed optimism that matters had reached a “turning point” in the search for a settlement.

($1 = 1.3671 Canadian dollars)

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