HealthSouth Corp. shareholders who won a $2.88 billion judgment against former HealthSouth CEO Richard Scrushy back in June 2009 are chipping away at the mountain of money owed to them, most recently by selling large chunks of his wife's jewelry collection.
Nine pieces of Leslie Scrushy's high-end jewelry sold for close to $1.5 million including commissions at an auction held last month at Sotheby's in New York. The biggest item to sell was a 20-carat emerald-cut diamond flanked by a mere 1 carat of baguette diamonds, all designed by renowned jeweler Oscar Heyman and Bros., according to Sotheby's. That sold for $752,500 alone. “He had an affinity to one of the finest jewelers on the market,” says Jared Nadler, graduate gemologist and a manager at Levy's Fine Jewelry, Birmingham, Ala., which arranged the Sotheby's auction.
Sotheby's thought enough of some of the pieces that Nadler says part of the collection went on an international tour before the Sotheby's Magnificent Jewels auction. The Scrushy auction pieces, “they were just big, they were to make a statement,” Nadler says. Other notable pieces sold at auction were a $176,500 platinum and diamond bracelet and a $122,500 pair of 18-karat gold, ruby and diamond earclips, also designed by Oscar Heyman.
It's not too late to own a Scrushy gem. Nadler says there is still some of the Scrushy jewelry for sale, mainly through Levy's, and one more high-end piece may go to auction. A heart-shaped diamond in the $50,000 range is expected to go on sale at Sotheby's just in time for Valentine's Day. If Scrushy's jewelry is not your thing, the Birmingham News reports that Scrushy-owned art will be auctioned off May 15 in Philadelphia, including creations by Chagall, Picasso and Renoir.