Stanford chandelier sells for $158,500 at auction

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.

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Stanford’s assets have been sold at several auctions over the last few years.