With the legal status of her estate still in limbo, many of the possessions owned by former copper heiress Huguette Clark will be sold in what may be one of the more valuable estate sales of recent memory. Ms. Clark inherited an estimated $400 million fortune as the sole heir of Gilded Age mining magnate William Clarke. Though she spent the last several decades of her life living in a New York hospital room, Ms. Clarke left behind some very valuable apartments in New York that had been unoccupied for decades.
The three apartments are all located in the same building located at the corner of Fifth Avenue and 72nd St. in New York, overlooking the Central Park sailboat pond where E.B. White set his “Stuart Little” story. The apartments, occupying about 50,000 square feet, have been untouched for years. One of them even has a telephone with an exchange number written on the phone as “Butterfield 8.” Though they apparently require some substantial renovations, they are being listed for an asking price of $55 million. Another property Ms. Clark owned in Santa Barbara, California is estimated to be worth $100 million, while a Connecticut home is listed for $24 million.
The estate is also selling several jewelry pieces owned by Ms. Clark, though few have been worn by her since the 1930s and had been sequestered in a safety deposit box in bank vault since then. The auction house Christie’s is selling the pieces in April, with some of the more valuable diamond rings estimated to be worth anywhere between $2 and $8 million.