When Jarves defaulted in 1871, the Yale University Art Gallery purchased 119 Italian paintings, spanning the centuries from the tenth to the seventeenth, for a price of $22,000 or $30,000.
[3] An honorary Hawaiian citizen, Jarves was awarded the order of Kamehameha I for his diplomatic services to Hawaii while empires fought to control it.
The king of Italy appointed him Cavaliere della Corona d'Italia for his contribution to Italian art.
[3] Jarves and his second wife are, through their daughter Annabel, the great-great grandparents of Lady Elizabeth Marian Frances Kerr.
They are also the great-great-great grandparents of Henry Oliver Charles FitzRoy, 12th Duke of Grafton, whose mother is Lady Clare Amabel Margaret Kerr, widow of James FitzRoy, Earl of Euston and the sister of Lady Elizabeth Marian Frances Kerr.