Sotheby's To Sell Off Scrushy Jewels

by Deidre Woollard (RSS feed)
Nov 27th 2010 at 9:02PM

Last time we heard about former HealthSouth CEO Richard Scrushy he was losing one of his several homes in Alabama. But the Scrushy sell off continues. The Birmingham News reports that Sotheby's will auction off nine pieces of jewelry that once belonged to Leslie Scrushy, Richard Scrushy's wife. The pieces will be sold at Sotheby's New York on December 9, 2010. Richard Scrushy was found liable in civil court for an accounting fraud and ordered to pay $3.2 billion. Past sales of his cars, yachts and other belongings have raised money to help satisfy that debt.

Around 50 pieces of jewelry belonging to Mrs. Scrushy were liquidated as part of the settlement. Levy's Fine Jewelry has been handling the collection and contracted with Sotheby's to auction the nine best pieces including a 20-carat diamond ring valued at up to $700,000. The sale also include a platinum and diamond bracelet with a total of nearly 49 carats in diamonds valued at $150,000 to $200,000; a platinum, diamond and ruby ring made by Oscar Heyman & Brothers with a more than seven-carat marquis cut diamond; and three-carat diamond and pearl earrings made by Oscar Heyman & Brothers valued at $50,000 to $75,000 for the pair.

Tags: Healthsouth, Richard Scrushy, sothebys