Tag: heirs

Mondrian Heirs Sue Philadelphia Museum Over Work ‘Seized by the Nazis’ – ARTnews.com

The heirs of Piet Mondrian have challenged the Philadelphia Museum of Art over ownership of a painting by the Dutch artist that representatives of the estate claim was looted by the Nazis. They are seeking to regain the work, titled Composition with Blue (1926), which has been in the museum’s holdings for nearly 70 years. According to the provenance provided by the PMA, the ...

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Nazi-Looted El Greco Painting to Sell Christie’s After Return to Heirs – ARTnews.com

Three Old Master paintings looted during WWII, including a storied El Greco, will be auctioned at Christie’s in December. All of the paintings formerly belonged to Julius and Camilla Priester; the couple’s heirs received the works within the past several years, more than seven decades after the canvases were seized by the Nazis. Julius was a Jewish Austrian industrialist who amassed his wealth in ...

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Amsterdam to Restitute Kandinsky to Heirs After Years-Long Dispute – ARTnews.com

Amsterdam officials announced on Friday that the city will return a painting by Wassily Kandinsky to the heirs of its original Jewish owner. The decision ends years-long legal dispute over the painting, which has been in the Stedelijk Museum’s collection since 1940. The canvas, titled Painting with Houses (1909), will be transferred from the city-owned Stedelijk Museum to the family of Irma Klein and ...

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Franz Marc Painting To Be Returned to Heirs of Former Owner – ARTnews.com

A Franz Marc painting that has been the subject of a years-long restitution case will be returned to the heirs of its former owner, the Jewish businessman and banker Kurt Grawi, who sold the work during World War II. The German city of Düsseldorf will restitute Marc’s 1913 painting Die Füchse (Foxes) to Grawi’s heirs, according to a report by the German publication Der Spiegel. The ...

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Facing $11B tax bill, Samsung heirs donate mass art trove

SEOUL – Samsung’s founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, and give hundreds of millions of dollars to medical research to help them pay a massive inheritance tax following last year’s death of chairman Lee Kun-Hee.The Lee family, including his wife and three children, expects to pay more than 12 trillion won ($10.8 billion) in taxes related ...

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Dutch Museum Settles with Heirs of Jewish Owner of Baroque Painting – ARTnews.com

As debates surrounding restitution rage on in the Netherlands, one Dutch museum has reportedly opted to compensate the heirs of a Jewish owner, effectively going against a set of recommendations issued by a 2013 governmental panel. The Museum de Fundatie in Zwolle, about an hour northeast of Amsterdam, has given the heirs of textile entrepreneur Richard Semmel €200,000 ($241,000) amid claims that the collector ...

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South Korean Art Organizations Are Scrambling to Keep the Heirs of the Samsung Art Collection From Selling It Off to International Buyers

South Korea’s cultural leaders are worried about the fate of the multibillion-dollar art collection amassed by the late head of the Samsung empire. The heirs to the fortune are considering selling off prized artworks to pay a mountainous inheritance tax, rather than keeping the collection in the country as many had expected. Now, Korean arts organizations are all calling on the state to step ...

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Mondrian Heirs Seek Recovery of Paintings from Kunstmuseen Krefeld – ARTnews.com

As part of an ongoing, yearslong effort to recover ownership rights of several paintings created by Dutch modernist Piet Mondrian in his signature style in the 1920s, the late artist’s heirs filed a lawsuit against a German museum in U.S. District Court, District of Columbia. The suit states that the works in question are estimated to be valued in excess of $200 million and ...

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Stolen painting returned to heirs | News, Sports, Jobs

Acting U.S. Attorney for the Northern District of New York, Antoinette T. Bacon, speaks at a repatriation ceremony for the painting "Winter" Thursday, in Albany. The painting, discovered in the Arkell Museum in Canajoharie, was part of a cache of art seized by the Nazis from the Mosse family in Berlin in 1933. (The Associated Press) ALBANY — A painting ...

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