Neue Galerie Returns Nazi-Seized Artwork and Then Buys It Back
- September 28, 2016 12:27
The Neue Galerie in Manhattan, co-founded in 2001 by cosmetics scion and art restitution advocate Ronald S. Lauder, announced an unusual settlement on Tuesday.
A painting from the Neue Galerie collection, Nude, 1914, by Karl Schmidt-Rottluff, was found to be Nazi loot from a Jewish family who were forced to flee Germany during World War II. The museum returned the painting to its rightful owners, the family of Alfred and Tekla Hess, and then purchased it back from them, reports Graham Bowley of the New York Times.
The museum says it paid fair market value for the painting, but a figure was not disclosed.
