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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.
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‘For As Long As Necessary’: Katz Says Campaign Against Iran Entering Decisive Stage
Israel’s Defense Minister Israel Katz and his Greek counterpart Nikos Dendias make statements to the press, at the Ministry of Defense in Athens Greece, Jan. 20, 2026. Photo: REUTERS/Louisa Gouliamaki
i24 News – Israel Katz said Saturday that the confrontation with Iran had entered a “decisive phase,” as US and Israeli strikes on Iranian targets continued and regional tensions escalated.
Speaking after a security assessment at Israel’s defense headquarters alongside Eyal Zamir, chief of staff of the Israel Defense Forces, and senior military and intelligence officials, the Israeli defense minister said the campaign against the Islamic Republic would continue “for as long as necessary.”
“The global and regional struggle against Iran, led by American President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, is intensifying and entering its decisive phase,” Katz said.
Katz also praised US strikes on Kharg Island, a key Iranian oil hub, describing them as a “severe blow” to the Iranian regime. He said the attacks were an appropriate response to Iranian threats against the strategic Strait of Hormuz and to what he called Tehran’s attempts to pressure the international community.
At the same time, Katz said the Israeli Air Force was continuing a “powerful wave of attacks” against targets in Tehran and other parts of Iran.
He accused the Iranian leadership of using “regional and global terrorism” and strategic blackmail in an effort to deter Israel and the United States from pursuing their military campaign, warning that such actions would be met with a “strong and uncompromising response.”
Katz added that the outcome of the conflict would ultimately depend on the Iranian population. “Only the Iranian people can put an end to this situation through a determined struggle, until the overthrow of the terrorist regime and the salvation of Iran,” he said.
According to the minister, the confrontation now pits the Iranian regime’s determination to survive against growing military pressure from Israel and its allies.
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Trump Rejects Efforts to Launch Iran Ceasefire Talks, Sources Say
US President Donald Trump speaks on the day he honors reigning Major League Soccer (MLS) champion Inter Miami CF players and team officials with an event in the East Room of the White House in Washington, DC, US, March 5, 2026. Photo: REUTERS/Jonathan Ernst
President Donald Trump’s administration has rebuffed efforts by Middle Eastern allies to start diplomatic negotiations aimed at ending the Iran war that started two weeks ago with a massive US-Israeli air assault, according to three sources familiar with the efforts.
Iran, for its part, has rejected the possibility of any ceasefire until US and Israeli strikes end, two senior Iranian sources told Reuters, adding that several countries had been trying to mediate an end to the conflict.
The lack of interest from Washington and Tehran suggests both sides are digging in for an extended conflict, even as the widening war inflicts civilian casualties and Iran’s closure of the Strait of Hormuz sends oil prices soaring.
US strikes on Iran’s Kharg Island, the country’s main oil export hub, on Friday night underscored Trump’s determination to press ahead with his military assault. Iran’s new Supreme Leader Mojtaba Khamenei has vowed to keep the Strait of Hormuz shut and threatened to step up attacks on neighboring countries.
The war has killed more than 2,000 people, mostly in Iran, and created the biggest-ever oil supply disruption as maritime traffic has halted in the Strait of Hormuz, through which a fifth of the world’s oil is transported.
ATTEMPTS TO OPEN LINES OF COMMUNICATION
Oman, which mediated talks before the war, has tried multiple times to open a line of communication, but the White House has made clear it is not interested, according to two sources, who like others in this story were granted anonymity in order to speak freely about diplomatic matters.
A senior White House official confirmed Trump has rebuffed those efforts to start talks and is focused on pressing ahead with the war to further weaken Tehran’s military capabilities.
“He’s not interested in that right now, and we’re going to continue with the mission unabated. Maybe there’s a day, but not right now,” the official said.
During the first week of the war, Trump wrote on his Truth Social platform that Iran’s leadership and military were so battered by US-Israeli strikes that they wanted to talk, but that it was “Too Late!” He has a history of shifting foreign policy stances without warning, making it hard to rule out that he might test the waters for restarting diplomacy.
“President Trump said new potential leadership in Iran has indicated they want to talk and eventually will talk. For now, Operation Epic Fury continues unabated,” a second senior White House official said when asked to comment on this story.
The Iranian sources said Tehran has rejected efforts by several countries to negotiate a ceasefire until the US and Israel end their airstrikes and meet Iran’s demands, which include a permanent end to US and Israeli attacks and compensation as part of a ceasefire.
Egypt, which was involved in mediation before the war, has also tried to reopen communications, according to three security and diplomatic sources. While the efforts do not appear to have made progress, they have secured some military restraint from neighboring countries hit by Iran, according to one of the sources.
Egypt’s foreign ministry, the government of Oman and the Iranian government did not respond to requests for comment.
POSITIONS HARDEN ON ALL SIDES
The war’s impact on global oil markets has significantly increased the cost for the United States.
Some US officials and advisers to Trump urge a quick end to the war, warning that surging gasoline prices could exact a high political price from the president’s Republican Party, with US midterm elections looming.
Others are pressing Trump to maintain the offensive against the Islamic Republic to destroy its missile program and prevent it from obtaining a nuclear weapon, according to Reuters reporting.
Trump’s rejection of diplomatic efforts could indicate that, for now, the administration has no plans for a quick end to the war.
Indeed, both the United States and Iran appear even less willing to engage than during the opening days of the war, when senior US officials reached out to Oman to discuss de-escalating, according to several sources.
One source said Iran’s top security official, Ali Larijani, and Foreign Minister Abbas Araghchi had also sought to use Oman as a conduit for ceasefire discussions that would have involved U.S. Vice President JD Vance.
But those discussions have not materialized.
Instead, Iran’s position has hardened, said a third senior Iranian source.
“Whatever was communicated previously through the diplomatic channels is irrelevant now,” said the source.
“The Guards strongly believe that if they lose control over the Strait of Hormuz, Iran will lose the war,” the source added, referring to the Islamic Revolutionary Guard Corps, an elite paramilitary force that controls large parts of the economy.
“Therefore, the Guards will not accept any ceasefire, ceasefire talks, or diplomatic efforts, and Iran’s political leaders will not engage in such talks despite attempts by several countries.”
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US Strikes More Than 90 Iranian Military Targets on Kharg Island, CENTCOM Says
A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. Photo: 2026 Planet Labs PBC/Handout via REUTERS
United States forces executed a large-scale precision strike on Kharg Island in Iran on Friday night, the US Central Command said on Saturday.
“US forces successfully struck more than 90 Iranian military targets on Kharg Island, while preserving the oil infrastructure,” CENTCOM said.
The strike destroyed naval mine storage facilities, missile storage bunkers, and multiple other military sites, the US military said in a post on X.
President Donald Trump threatened on Friday to strike the oil infrastructure of Iran’s Kharg Island hub, unless Tehran stopped attacking vessels in the Strait of Hormuz.