Rita Crundwell jewellery auction raises $258,000

A treasure trove of jewellery, watches and bullion that once belonged to Rita Crundwell, the former Dixon, Illinois comptroller sentenced to 19.5 years is prison for the embezzlement of more than $53m from the city's coffers, has raised significant sums in an online auction, which closed on February 23.

Rita Crundwell Jewellery Auction
Crundwell’s diamond encrusted SpongeBob SquarePants pendant

Crundwell's jewellery alone achieved $258,000.

A gold ring featuring a horse shoe motif brought the highest bid for an item of jewellery, selling for $12,300, while Crundwell's diamond encrusted SpongeBob SquarePants pendant made $2,000.

Watches and bullion also performed well: 24 PAMP Suisse 100g gold bars sold for a combined $123,800, while Crundwell's diamond-set Rolex Oyster brought $9,600.

At the time of her arrest, Crundwell, who had been among the most highly regarded citizens of Dixon, also owned 400 horses, which auctioned in September 2012. Three-time world champion quarter horse Good I Will Be topped the sale, bringing $775,000.

It is believed that of the $53m Crundwell pleaded guilty to stealing, only $10.5m is likely to ever be recovered.

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