H

Heidi Horten

Died
June 12, 2022
Age
81 years

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Heidi Horten, 81, Austrian art collector.

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Heidi Horten was an Austrian billionaire and prominent art collector who amassed a collection of over 500

60 Seconds Life Story

Heidi Horten

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60 Seconds: Heidi Horten's Life Story

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A brief overview of the life of Austrian billionaire and art collector Heidi Horten.

Transcript

Heidi Horten was an Austrian billionaire and prominent art collector who amassed a collection of over 500 works. Born in 1941, she inherited a vast fortune following the death of her husband, Helmut Horten, founder of the department store business Horten AG. Throughout her life, she lived in residences across Vienna, Switzerland, and the Bahamas. Her personal interests included hunting and acquiring exceptional pieces, such as the 35.56 carat Wittelsbach Diamond. Horten dedicated much of her later years to curating her private art collection, which featured works by Pablo Picasso and Andy Warhol. In 2022, she opened a private museum in a restored 155-year-old mansion in Vienna to house her works. She passed away in June 2022 at the age of 81, leaving behind a complex legacy in the world of global art and philanthropy.

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Full Biography

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Heidi Horten (née Jelinek; 13 February 1941 – 12 June 2022) was an Austrian billionaire and art collector. She was the widow of businessman Helmut Horten, whose wealth was famously rooted in Nazi profiteering. In May 2020 Forbes estimated her net worth at US$3.0 billion.

Biography

Horten inherited her wealth upon the death of her husband, the founder of the German department store business Horten AG. Horten met her husband when she was 19; he was 32 years older than her. Horten was part of the board of Helmut Horten Stiftung, a charitable foundation that supports various healthcare related institutions, funds medical research, and helps individuals in need.

Horten divided her time between Vienna, Austria, and Ticino, Switzerland, when in Europe, and Lyford Cay in the Bahamas. Horten owned the Carinthia VII, a 315-foot yacht. She enjoyed hunting and art collecting. Horten sold the 35.56 carat Wittelsbach Diamond, formerly part of the Crown Jewels of Bavaria, for $24 million in 2008.

In August 2019, it emerged that Horten had donated almost one million euros in 2018 and in 2019 to the Austrian People's Party (ÖVP).

Art collection

Horten amassed an art collection of over 500 works, which included paintings by Pablo Picasso, Marc Chagall, Jean-Michel Basquiat, Andy Warhol, Gerhard Richter, Georg Baselitz, and Yves Klein. In 2018, 170 works from the Heidi Horten Collection were exhibited at Leopold Museum in Vienna.

In 2019, Horten announced plans to open a private museum, having bought a 155-year-old, 2,000 m2 (22,000 sq ft) mansion in Vienna to house the collection. Designed by architects Marie-Therese Harnoncourt-Fuchs and Ernst Fuchs, the museum opened to the public in 2022.

Following Horten's death, her jewellery collection was auctioned by Christie's in May 2023. The auction set a record for the most valuable single collection of jewels, fetching CHF 180 million (US$201 million). Following controversy over the source of the Horten fortune, Christie's announced that a portion of the proceeds would be contributed to Holocaust education and related causes. On 31 August 2023, Christie's cancelled the auction entirely after Jewish charities and organizations refused to accept any moneys related to the sale.

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