Thursday, June 27, 2019
Picasso painting worth $100 million that was sold for just $12,000 by a German Jewish businessman to fund his escape from the Nazis
A Pablo Picasso painting worth $100 million and sold by a German Jewish businessman for just $12,000 to fund his escape from the Nazis should stay at New York's Met Museum rather than be returned to his heirs, an appeals court has ruled.
The Actor will remain as part of the museum's collection after the 2nd U.S. Circuit Court of Appeals in Manhattan said Wednesday that the former owner Paul Leffmann's great-grandniece waited too long to reclaim it.
Laurel Zuckerman had not demanded the masterpiece's return until 2010, which was 72 years after it was sold and 58 years after it entered the Met.
She said her relative, Paul Leffmann, sold the masterpiece to a Paris art dealer in 1938 for $12,000 to fund his and his wife Alice's escape to Switzerland from Italy, which was then led by Benito Mussolini, an ally of Adolf Hitler.
https://www.dailymail.co.uk/news/article-7189755/Picasso-painting-sold-Jewish-man-escape-Nazis-stay-Met-court-rules.html
The Actor will remain as part of the museum's collection after the 2nd U.S. Circuit Court of Appeals in Manhattan said Wednesday that the former owner Paul Leffmann's great-grandniece waited too long to reclaim it.
Laurel Zuckerman had not demanded the masterpiece's return until 2010, which was 72 years after it was sold and 58 years after it entered the Met.
She said her relative, Paul Leffmann, sold the masterpiece to a Paris art dealer in 1938 for $12,000 to fund his and his wife Alice's escape to Switzerland from Italy, which was then led by Benito Mussolini, an ally of Adolf Hitler.
https://www.dailymail.co.uk/news/article-7189755/Picasso-painting-sold-Jewish-man-escape-Nazis-stay-Met-court-rules.html
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