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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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Iran Promises ‘Crushing’ Attacks Against the US and Israel
Symbolic mock-ups of Iranian missiles are displayed on a street, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 22, 2026. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
i24 News – Iran has issued a stark warning of “crushing” retaliatory attacks against the United States and Israel following threats from US President Donald Trump to escalate military operations in the coming weeks.
In a statement aired on Iranian state television, the Khatam al-Anbiya operational command said, “this war will continue until your humiliation, your disgrace, your permanent and certain regret, and your surrender,” framing the conflict as a long-term confrontation and invoking “trust in Almighty God.”
Iranian officials further warned that future operations would be “more crushing, broader, and more destructive,” signaling the potential expansion of the conflict across multiple fronts amid ongoing missile and drone exchanges in the region.
The escalation comes after Trump publicly suggested intensifying strikes on Iran, saying operations would continue until “the job is finished” and claiming significant military gains against Iranian strategic capabilities. As tensions rise, both sides appear to be hardening their positions, increasing fears of a wider regional confrontation.
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Trump Speech Unleashes More Pain on US Consumers with $5 Gasoline, Record Diesel in Sight
US President Donald Trump arrives to award the medal of honor to Master Sgt. Roderick ‘Roddie’ W. Edmonds, Staff Sgt. Michael H. Ollis, and retired Command Sgt. Maj. Terry P. Richardson during a ceremony in the East Room of the White House in Washington, DC, USA, 02 March 2026.
US President Donald Trump’s address to the nation on Wednesday, in which he vowed more aggressive strikes on Iran, has put consumers on course for record fuel prices at the pumps just ahead of the country’s peak summer travel season, market experts said.
Americans expected Trump’s speech to outline a plan to end the Iran war and reopen the Strait of Hormuz, as Iran’s blockade of the global oil conduit has sent oil and fuel prices skyrocketing, pinching consumers’ wallets. But instead, Trump vowed to bomb Iran back into the “Stone Ages” and said the strait would just open “naturally” when the war ends.
The comments sent US crude oil prices surging more than 10 percent on Thursday, and US average retail gasoline prices are now set to climb to between $4.25 and $4.45 a gallon by next week after crossing $4 a gallon for the first time since 2022 at the start of this week, said Patrick De Haan.
The pain could worsen. If there is no viable plan to reopen the Strait of Hormuz, the US average price of gasoline will likely cross $5 a gallon and hit record levels within a month, De Haan said.
Wholesale markets had begun moving higher on Thursday, with midmorning increases of 17 cents a gallon in the Great Lakes, Great Plains, Northeast and West Coast markets, and a 19-cent-a gallon hike in the Gulf Coast, said Tom Kloza, chief energy adviser to Gulf Oil on social media.
Meanwhile, diesel prices, less visible to consumers but arguably more impactful as they are directly tied to the cost of making and moving goods, could hit a record high within two weeks, De Haan said.
The national average retail diesel price is set to climb from $5.47 a gallon on Thursday to between $5.80 and over $6 a gallon within the next two weeks, De Haan said. The record US average retail price was $5.83 a gallon in 2022.
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Britain Says 40 Countries Discuss Reopening Strait of Hormuz After Iran Blockade
A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025. Photo: REUTERS/Dado Ruvic/Illustration
About 40 countries are discussing joint action to reopen the Strait of Hormuz to stop Iran holding “the global economy hostage,” Britain said on Thursday, after US President Donald Trump said securing the waterway was for others to resolve.
British foreign minister Yvette Cooper said Iran’s “recklessness” in blockading the waterway was “hitting our global economic security” as she chaired the virtual meeting, which included France, Germany, Canada, the United Arab Emirates and India.
“We have seen Iran hijack an international shipping route to hold the global economy hostage,” Cooper said in opening remarks broadcast to the media before the rest of the meeting took place behind closed doors.
The United States did not attend the talks, one official said. The discussions, involving representatives of some 40 countries, took place after Trump said on Wednesday evening that the Strait could open “naturally” and it was the responsibility of countries that rely on the waterway to ensure it was open.
FOCUS ON DIPLOMATIC AND MILITARY OPTIONS
Iran has effectively shut down the key waterway, which carries about a fifth of the world’s total oil consumption, in retaliation for US-Israeli strikes which began in late February. Reopening it has become a priority for governments around the world as energy prices soar.
European countries initially refused Trump’s demand to send their navies to the area because of fears about being dragged into the conflict.
But concerns about the impact of the rising cost of energy on the global economy have prompted them to try to form a coalition to see how they can defend their own interests.
European diplomats said putting the coalition together was at an early stage, with Britain and France leading.
Officials said the discussions on Thursday would focus on which countries were prepared to participate.
France’s Armed Forces spokesperson Guillaume Vernet told a news conference on Thursday that the process would be multi-phased and could not happen until hostilities had calmed or ended.
A key focus of the talks would be how to ensure ship-owners could feel confident enough for vessels to resume traveling through the area and to bring down insurance premiums.
There would also eventually need to be coordination with Iran to ensure that there will be security guarantees for ships, Vernet said, something that is unlikely for now.
Talks had also started on what military assets could be provided, he said.
“We will need to assemble a sufficient number of vessels and have coordination capabilities in the air, at sea, as well as the ability to share intelligence,” he said.
Britain said it would host a meeting of military planners for talks next week.
Trump said on Wednesday evening that other countries that use the Strait of Hormuz should “build up some delayed courage” and “just grab it.”
“Just take it, protect it, use it for yourselves,” he said.
But France’s President Emmanuel Macron speaking in South Korea on Thursday said seizing the Strait militarily was an “unrealistic” option.
“It would take an indefinite amount of time, and it would expose all those who venture through this Strait to coastal risks from the Revolutionary Guards, as well as ballistic missiles,” he said.