A Dale Chihuly chandelier that once belonged to convicted Ponzi-scheme operator R. Allen Stanford will go on the auction block next week. The approximately 7-foot-tall cobalt chandelier, made of hand-blown glass and steel, is valued at between $60,000 and $80,000. The proceeds raised from the chandelier’s sale at a May 22 public auction will eventually make their way to the pockets of Stanford’s cheated investors, who are relying upon a court-appointed receiver to track down their stolen funds. The receiver also is putting a Terence Main sculpture up for sale at the same auction. The 10-piece, 42-foot-long piece is called “Terrestial Tale” and has an estimated value of $20,000 to $30,000. More in the Wall Street Journal here.
