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World’s most valuable private jewelry collection to go on auction

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"The auction of the late Austrian billionaire Heidi Horton's jewelry collection is expected to break the record set more than a decade ago by the late actress Elizabeth Taylor. Billed as "the largest and most valuable" private jewelry collection ever to come to auction, Christie's said it is expected to "eclipse" the 2011 Elizabeth Taylor Collection and the 2019 Maharajas & Mughal Magnificence auctions, which are the only two jewelry collections to achieve more than $100 million. Christie's said the proceeds will go to The Heidi Horten Foundation, which supports The Heidi Horten Collection, the museum she established in Vienna, Austria, before her death, as well as medical research, child welfare and other causes. Horten had a net worth of around $3 billion when she died in June last year, according to Forbes. She inherited $1 billion from her first husband, German businessman Helmut Horten, after he died in 1987. Horten was introduced to the allure of beautiful objects from a young age as her father was an engraver. Her love for jewelry and art deepened after her marriage, according to the auction house. She went on to possess an array of decorative, modern and contemporary artworks, some of which are housed in her museum. Helmut Horten accumulated wealth through his purchases of Jewish businesses sold under duress during the Nazi era, said Christie's. The auction house said it plans to make a "significant contribution" from its auction proceeds to an organization advancing Holocaust research and education." 28/04/23 Check the article copying the link: https://edition.cnn.com/style/article/heidi-horten-jewelry-auction-intl-scli/index.html

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