When Huguette Clark, the reclusive copper mining heiress, died in early 2011 she left behind an estate valued at more than $400 million including substantial real estate and personal property holdings. Though her distant family members are still involved in a legal dispute over who will inherit her fortune, much of her estate property is being sold to cover the substantial estate tax that is due.
Three of Ms. Clark’s New York City apartments are currently being listed with an asking price of about $55 million. The apartments are all located in the same building overlooking New York City’s Central Park, encompass 42 rooms, and occupy more than 15,000 square feet of space. The estate is also listing her New Canaan, Connecticut country home for $24 million.
Having last been photographed in the 1930s, Ms. Clark was famously reclusive. So reclusive, in fact, that no one knew exactly how much she owned until she died. One of the discoveries includes a significant collection of personal jewelry that was found in one of her safety deposit boxes in a New York bank. The collection includes a very rare pink diamond ring estimated at about $8 million in value. It, along with other pieces, will be auctioned by Christie’s in April.
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