DALLAS (AP) — A chandelier by glass artist Dale Chihuly that once belonged to former Texas tycoon R. Allen Stanford has sold at auction for $158,500 as part of an effort to compensate victims of his Ponzi scheme.
The 7-foot-tall, 6-foot-wide chandelier of cascading blue glass was sold Wednesday by Dallas-based Heritage Auctions.
Stanford was convicted last year on 13 fraud-related counts and sentenced to 110 years in prison.
The chandelier was offered through a federal court-appointed receivership overseeing the sale of assets previously owned by Stanford. A 42-foot-long sculpture by Terence Main called “Terrestrial Tale” that the receivership had also put up for auction did not sell Wednesday.
Stanford’s assets have been sold at several auctions over the last few years.